Abstract
At present,many jurisdictions have successively introduced and implemented Pillar Two global minimum tax.Hong Kong SAR,China has announced plans to implement Pillar Two related rules for large multinational groups starting from 2025.This article evaluates the impact of Pillar Two on the Shenzhen Park of Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone in three stages.The study shows that the early implementation of Pillar Two global minimum tax in Hong Kong SAR,China may prompt multinational groups to adjust their investment structures and shift their investment perspectives to Chinese mainland,creating a dividend period for the development of the Shenzhen Park.This article suggests that the Shenzhen Park can enhance its attractiveness in the first stage through financial openness,tax incentives,and technological innovation efficiency.In the second stage,it can play a role in improving management mechanisms,strengthening government guidance,and optimizing service measures.In the third stage,it can maintain its attractiveness through adjusting tax incentives,optimizing tax systems and seeking extra-tax measures.
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