The Hong Kong Legislative Council Panel on Financial Affairs has published the Outcome of the Consultation on the Implementation of Global Minimum Tax and Hong Kong Minimum Top-up Tax. The consultation was held between December 2023 and March 2024 to gauge public views on the implementation of the global minimum tax and the Hong Kong Minimum Top-up Tax (HKMTT). Considering the comments received, the outcome document states the following: --- 7. We have carefully considered the respondents' specific comments towards the legislative proposals and largely taken on board their views on the implementation timeline of the UTPR, design of the...