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
Comment /  Letters

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
Letters
Letters

Updated: 12:38pm, 13 Jan, 2021

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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
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