A woman exercises on the terrace of one of seven luxury units situated at 28 Barker Road, an exclusive residential area of The Peak, in Hong Kong. Photo: EPA-EFE

How reviving Hong Kong’s inheritance tax could help restore equality and social mobility

Philip Marcovici and Stefano Mariani say returning the duty on inheritance to 8 per cent – instead of its current zero – would be an important step in reversing the concentration of wealth into fewer hands

Topic |   Hong Kong economy

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A woman exercises on the terrace of one of seven luxury units situated at 28 Barker Road, an exclusive residential area of The Peak, in Hong Kong. Photo: EPA-EFE
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