Preferential tax regime
1. Tax - anti-avoidance - Base erosion and profit shifting (BEPS).
As defined by the Organisation for Economic Co-operation and Development (OECD), a preferential tax regime is one which causes international harm by treating certain entities, activities or structures over-favourably for the purposes of taxation.
Hong Kong becoming compliant
- "[Hong Kong's] corporate treasury centre incentive is in the process of being amended to comply with the OECD guidance on preferential tax regimes."
- The Treasurer magazine, August 2018, p20
More generally, tax rules or jurisdictions which are favourable to certain groups of taxpayers.