On tax alone, Hong Kong is hard to beat. No capital gains tax. No tax on offshore income. A salary tax that tops out near 16%, against Australia’s 47% after the 2026 Budget. If the decision came down to numbers, Hong Kong would be on the podium. But two complications change the picture. There’s no double tax agreement between Australia and Hong Kong, which does expensive things to your Australian dividends that most people never see coming. And the political environment has changed since 2020 in ways only you can weigh. Here’s the honest comparison.
