Hong Kong may ease tax code for sukuk issuance

The Hong Kong government is pushing for amendments to the tax code that would make the former British colony a more attractive place to issue Islamic finance vehicles.

With the legislature currently in recess, the executive arm, led by Donald Tsang, may seek to approve the exemption of profits tax on income earned on Islamic bond (sukuk) issues on a case-by-case basis, before asking lawmakers to approve legislation that would repeal the tax on income earned on all sukuk bonds and other Islamic

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