On 25 February 2015, Hong Kong's Financial Secretary John C Tsang delivered the 2015-2016 budget. The proposed tax measures in the budget include: A 75% reduction in salaries tax, profits tax and tax under personal assessment with a ceiling of HKD 20,000 per taxpayer for the year of assessment 2014-15 (applies for the final tax of the year only, and not to the provisional tax of the same year) The introduction of legislation to allow interest deductions for profits tax for corporate treasury centers and a 50% tax reduction for treasury activities subject to certain conditions The introduction of legislation...