Key facts
- The Hong Kong Institute of Certified Public Accountants (HKICPA) has called for tax incentives and listing reforms.
- These proposals are aimed at supporting the development of the Northern Metropolis.
- HKICPA believes these measures are essential for the plan's success.
The Hong Kong Institute of Certified Public Accountants (HKICPA) has put forth recommendations for the government's Northern Metropolis development plan, emphasizing the need for tax incentives and reforms to the listing regime. The institute argues that these measures are critical to attracting businesses and talent to the ambitious project, which aims to create a new urban hub in Hong Kong.
According to the HKICPA, specific tax breaks and a streamlined listing process would significantly enhance the attractiveness of the Northern Metropolis as an investment destination. These proposals are seen as key drivers for the successful implementation and long-term viability of the development plan.