Jingyi Wang on the Need for Research and Development Tax Incentives in Hong Kong (HKLJ)

"Losing Out in Powering Innovation: The Necessity of Introducing Research and Development Tax Incentives in Hong Kong"
Jingyi Wang
Hong Kong Law Journal
2017, Vol 47, Issue 1, pp 143-170

Abstract: The Global Competitiveness Index reveals that Hong Kong’s relative underperformance compared to Singapore is because it has lagged behind in boosting local innovation and performed less satisfactorily in technological advancement. This can be regarded as a result of inadequate government support. The Hong Kong government’s stubborn belief in its tax system prevents it from making a timely response to the changing environment. A global trend of providing generous tax incentives has made the tax system in Hong Kong less competitive in boosting and attracting investment into innovation. What can Hong Kong learn from experience elsewhere? This article explores the necessity of adopting research and development (R&D) tax incentives to spur innovation and achieve the technological advancement the Hong Kong government desires. The introduction of the R&D tax incentives in Hong Kong proposed in this article may present an opportunity for Hong Kong to keep up with the global trend of prioritising innovation.

New Issue of Hong Kong Law Journal (Part 1 of 2017)

Hong Kong Law Journal

Vol. 47, Part 1 of 2017

Editor-in-Chief: Professor Rick Glofcheski

Associate Editor: Professor Albert Chen

Table of Contents

Analysis
Legislative Oaths and Judicial Intervention in Hong Kong Po Jen Yap and Eric Chan	1
Ho Kwok Tai v Collector of Stamp Revenue — Analysis and Implications Stefano Mariani	17
Lectures
Outraging Public Decency: In Your Face and Up Your Skirt — The Dynamism and Limits of the Common Law Hon Mr Justice Fok PJ	33
Understanding Cross-Border Insolvency in the Hong Kong Context Hon Mr Justice Harris	55
Global Constitutionalism — Some Critical Remarks Jaakko Husa	73
ARTICLES
Well-known Trade Marks and Dissimilar Goods: HK, UK and EU Law Alice Lee	89
Copyright v Freedom of Contract: The “Contract Override” Issue in Hong Kong’s Copyright Amendment Wenwei Guan	115
Losing Out in Powering Innovation: The Necessity of Introducing Research and Development Tax Incentives in Hong Kong Jingyi Wang	143
Legal Protection of Traditional Chinese Medicine in the Context of the Creative Economy Jing Zhuo	171
Credit Ratings: The Moody’s Case Syren Johnstone	193
The Hong Kong Subconstitutional Model of Separation of Powers: The Case of Weak Judicial Review Guobin Zhu and Antonios Kouroutakis	221
CHINA LAW
United Nations Convention on the Law of the Non-Navigational Uses of International Watercourses: Problems, Improvements and Potential Influence on China Zewei Yang	243
Letter of Indemnity in Carriage of Goods by Sea: Chinese Law and Judicial Practice Liang Zhao	265
MEMOIR
Hong Kong in 1963–1964: Adventures of a Budding China Watcher Jerome A Cohen	291
BOOK REVIEWS
Advanced Introduction to the Law of International Organizations, Jan Klabbers Amy Barrow	311
Title and Title Conflicts in respect of Intermediated Securities under English Law, Dr Wenwen Liang Guangjian Tu	317

Jingyi Wang on the Chinese Approach to Transfer Pricing (British Tax Rev)

"The Chinese Approach to Transfer Pricing: Problems Faced and Paths to Improvement"

Jingyi Wang

British Tax Review

2016, Issue 1, pp 89-118

Abstract: With the increasing integration of the Chinese market into the global economy, China’s tax policy on transfer pricing and its tax administration influence extremely large numbers of cross-border transactions between China and other states. China has suffered heavy revenue loss from transfer pricing manipulation. Since 2008, Chinese tax authorities have paid special attention to such tax avoidance methods. By examining the Chinese approach to transfer pricing based on publicly available information, this article analyses the reasons for the perceived aggressiveness of Chinese tax authorities in dealing with transfer pricing issues, and the inconsistency between the statutory endorsement of the arm’s length principle and the approach adopted in practice by tax authorities. Measures to improve the efficiency of the administration of transfer pricing in China are proposed.

New Issues: SSRN Legal Studies Research Paper Series (HKU)

Vol. 6, No. 4: 26 Aug 2016

Table of Contents

1. A Public Law Conception of Integrity in the Criminal Process
Simon N. M. Young, The University of Hong Kong - Faculty of Law

2. A Red Flag for Hong Kong Credit Ratings
Syren Johnstone, Faculty of Law, University of Hong Kong, Asian Institute of International Financial Law

3. Re-Examining Criminal Process Through the Lens of Integrity
Paul Roberts, University of Nottingham, University of New South Wales (UNSW) - Faculty of Law, China University of Political Science and Law
Jill Hunter, University of New South Wales (UNSW)
Simon N. M. Young, The University of Hong Kong - Faculty of Law
David Dixon, University of New South Wales (UNSW) - Faculty of Law

4. Voice and Exit as Accountability Mechanisms: Can Foot-Voting Be Made Safe for the Chinese Communist Party?
Roderick M. Hills, Jr., New York University School of Law
Shitong Qiao, University of Hong Kong Faculty of Law

Vol. 6, No. 3: 26 July 2016

Table of Contents

1. Bringing Politics Back In: Access to Justice and Labor Dispute Resolution in China
Fu Hualing, The University of Hong Kong - Faculty of Law

2. Interlocutory Injunction, Freedom of the Press and Public Interest: The University of Hong Kong v Hong Kong Commercial Broadcasting Co Ltd and ORS.
Anne S. Y. Cheung, The University of Hong Kong - Faculty of Law

Vol. 6, No. 2: 16 June 2016

Table of Contents

1. Live Migration in Emerging Cloud Paradigms
Massimo Ficco, Second University of Naples
Christian Esposito, University of Salerno
Henry Chang, The University of Hong Kong - Law and Technology Centre
Kim-Kwang Raymond Choo, The University of Texas at San Antonio

2. The Chinese Approach to Transfer Pricing: Problems Faced and Paths to Improvement
Jingyi Wang, The University of Hong Kong

3. Disproportionality in Asset Recovery: Recent Cases in the United Kingdom and Hong Kong
Simon N. M. Young, The University of Hong Kong - Faculty of Law