Hong Kong or United States: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Lighter: Hong Kong, ahead by 2.4 FiScore points.

Tax Hong Kong United States Gap
Corporate income tax headline rate 16.5% 21% −4.5 points
Personal income tax top bracket 2% to 17% 10% to 37% −20.0 points
VAT standard rate 0% 11.73% −11.7 points

Detailed schedules

Corporate income tax

Hong Kong

Profit above HKD 2 million 7.5% and 15% for a sole trader 16.5%
Profit up to HKD 2 million one company per group only 8.25%
Multinational groups revenue above €750M, since 2025 15%

United States

Federal tax 21%
State tax 0% to over 9% depending on the state n/a
See the Hong Kong page See the United States page