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Greater Bay Area helps Hongkongers ready for other countries’ tax system

出自香港新聞網 - 樹仁新傳系學生實習習作

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Jefferson Wat, President of SME Global Alliance, indicated that Greater Bay Area included cities which are using different law and tax systems, it is good for Hong Kong companies face to international.


Wat said “Hong Kong under a lower tax system, it makes local businesses person do not want to trading with other countries. Greater Bay Area provided a safety chance to realize other countries law and tax system, it helps businessman collect more information to build their business.”


Most of the businessman in Hong Kong are worries about business environment different. “I haven’t set up a company in Shenzhen even I do business a long time ago, it is because the tax system is really difficult to follow” Wat said. However he replenish that If he build company in Greater Bay Area, the tax system issue can solve by his business partners. So he will build company in Mainland China nowadays.


Since Hong Kong return to China, lower tax system is the advantage of Hong Kong. Hong Kong involved in Greater Bay Area must attracts China companies work in Hong Kong. As far as low tax system is concerned, Wat think that government would not change the tax system. Also he trusts that Greater Bay Area can let Hong Kong be more famous in the world.


“Everything need to understand” he added. Beside law and tax system are different with Hong Kong, some China’s culture is not similar with Hong Kong. Wat thinks that people who want to work in Greater Bay Area may have a great prepare for themselves. The best preparation is everything related with your business must understand. To realize the new things in the world, to explore some information you do not know. To take it up a notch.


Suki Chan reported at 11.10.2018

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