The concept which assets that Hong Kong should only tax income that is earned in Hong is know as the

Question

Quizplus · Accepted Answer

The territorial approach is based on the principle that a country should only tax income earned within its borders. This means that Hong Kong would only tax income that is earned within the territory of Hong Kong, and not tax income earned elsewhere. The other options are not relevant to this concept of taxation in Hong Kong.

The Concept Which Assets That Hong Kong Should Only Tax