The easy-to-administer and territorial basis features of the tax system in Hong Kong play an important role in attracting foreign investment. Identify which of. the following generalisations about Hong Kong tax law are correct. (i) There is no withholding tax (ii) It provides group loss reliet (iii) There is no capital gains tax (IV) There is no tax on dividends a. land Il only b. III and IV only c. Il and ill only d. I and IV only