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
Follow your favourite topic and get notified
Hong Kong’s taxation on a territorial basis has long been its competitive advantage. Photo: Xinhua
