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Hong Kong: Low and simple tax system

From a tax standpoint, Hong Kong is one of the best places to live in the world. It has the lowest tax misery in Asia Pacific (3rd lowest in the world), 38 points below Singapore’s, 73 points below Zurich and 111 points less than Mainland China’s, according to the Forbes Tax Misery Index. In the last budget, profits tax was reduced to a maximum 16.5% while the rate on salaries was lowered to a maximum 15%. The city has no goods and services levy and does not tax offshore income, dividends, interest, capital gains or inheritance income. And the duty on both wine and beer was cut to zero. Do you still wonder, why every year hundreds of companies, large and small, invest in Hong Kong ?