Welcome to our first quarter issue of the Private Wealth Newsletter. Our featured insight for this issue is a discussion of the passage of the Corporate Transparency Act by the United States to introduce federally-mandated beneficial ownership reporting obligations for US corporations and limited liability companies. We also include insights…

The Inland Revenue (Amendment) (No. 7) Ordinance 2018 (the “Amendment”) has come into operation on 2 November 2018 to put in place an enhanced tax deduction regime for qualifying research and development (R&D) expenditures in Hong Kong. The Amendment, the key features of which are discussed below, is substantially similar…