Hong Kong Implements Tax Cut on Intellectual Property Profits and Advances Copyright Laws to Match AI Innovations
Innovative Tax Initiatives in Hong Kong
Hong Kong has introduced a groundbreaking tax cut on intellectual property profits, reducing the rate to 5% to enhance competitiveness in the global market. Finance chief Paul Chan has advocated for aligning copyright laws with the latest developments in AI technologies to support innovation and technology growth.
Empowering IP Trading Market
The city aims to capitalize on the vast potential of the IP trading market, emphasizing the strategic importance of fostering innovation and creativity. This initiative aligns with Hong Kong's vision of becoming a prominent hub for innovation and technology.
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