Hong Kong’s carried interest tax expansion is a gazetted bill with a retrospective tax date already written into its text. Singapore’s competing pledge is a press release with no rate, no draft legislation, and a Year of Assessment that doesn’t start until 2027. Those are not the same kind of event.
I put the two governments’ own filings on screen for this one, the gazette clause and the parliamentary answer, and let the nine month arithmetic run rather than just stating it.
