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OpinionLetters

Letters to the Editor, December 9, 2013

Hong Kong is welcome to close any tax loopholes with Singapore regarding the sale of Apple's products in the territory ("Firm stance needed on tax loopholes", December 2).

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Letters

Hong Kong is welcome to close any tax loopholes with Singapore regarding the sale of Apple's products in the territory ("Firm stance needed on tax loopholes", December 2).

Your correspondent Mr Charlie Chan should, however, remember that, like the Lion City, the SAR is home to many MNCs, including the regional headquarters of some.

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Could this also be due to Hong Kong's accommodating tax regime - no sales tax and lower corporate taxes than Singapore?

In a free market, all economies, including Hong Kong, are at liberty to offer multinational corporations a range of perks to compete for investments.

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Increasingly, many developing economies are taking a leaf out of Singapore's and Hong Kong's playbook to attract businesses and create jobs.

Those who can't or don't for various reasons are seeking to scapegoat others for their shortcomings.

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