Hong Kong's Legislative Council has published a letter from the Secretary for Financial Services and the Treasury on the government's responses to comments and suggestions raised in eight submissions concerning the Inland Revenue (Amendment) (Minimum Tax for Multinational Enterprise Groups) Bill 2024, which provides for the introduction of a 15% global minimum tax in line with Pillar 2 from 2025. The letter states that the comments and suggestions in the submissions have been largely taken on board and the following committee stage amendments will be proposed: Apply the sole or dominant purpose test under section 61 A of the Inland...