Hong Kong’s taxation on a territorial basis has long been its competitive advantage. Photo: Xinhua Hong Kong’s taxation on a territorial basis has long been its competitive advantage. Photo: Xinhua
Hong Kong’s taxation on a territorial basis has long been its competitive advantage. Photo: Xinhua

Letters | Why Hong Kong must resist pressure to raise taxes or change its tax system just now

  • Given the weak confidence and uncertain economic outlook, any attempt by the government to raise the tax rate or introduce new taxes could be disastrous
  • In hard times, city should fall back on its fiscal reserves, which are anyway built up for such a purpose

Topic |   Hong Kong economy
Hong Kong’s taxation on a territorial basis has long been its competitive advantage. Photo: Xinhua Hong Kong’s taxation on a territorial basis has long been its competitive advantage. Photo: Xinhua
Hong Kong’s taxation on a territorial basis has long been its competitive advantage. Photo: Xinhua
READ FULL ARTICLE