Hong Kong's Chief Executive John Lee delivered the 2023 Policy Address to the Legislative Council on 25 October 2023. With respect to taxation, some of the main measures announced in the address include: The implementation of a "patent box" tax incentive providing for a reduction in the tax rate for qualifying profits derived from patents from the existing 16.5% to 5%, with a draft bill for the incentive to be introduced in the Legislative Council in the first half of 2024; A reduction in the rate of Stamp Duty on Stock Transfer from the current 0.13% to 0.1% of the...