Post by Sapphire Capital on Jul 16, 2008 19:50:52 GMT 4
The Hong Kong government will offer tax breaks to boost the development of the city's first Islamic bond, Ceajar Chan Ka-keung, secretary for financial services and the treasury has told a banking conference.
The bond is likely be issued by the Airport Authority, the statutory body of the Hong Kong government responsible for the city's international airport.
A spokesperson from the Airport Authority said: "At this stage the government will consider providing a tax waiver on a case by case basis only."
The bond is likely be issued by the Airport Authority, the statutory body of the Hong Kong government responsible for the city's international airport.
A spokesperson from the Airport Authority said: "At this stage the government will consider providing a tax waiver on a case by case basis only."