Letters | Why BN(O) visa move may leave Hongkongers out of pocket
- The UK is expected to raise income tax by £6 billion
- A second referendum on Scottish independence could hammer the pound sterling
If you are used to shopping online, you have to prepare to pay VAT and handling fees, such that a small parcel from Italy may set you back about £40.
The British chancellor is also reportedly planning a tax raid on online deliveries. Even if you are just doing some freelance work, you will be unlikely to escape an income tax hike.
It doesn’t matter whether you are a true Anglophile or not. The current British chancellor is not our beloved John Cowperthwaite who, back in the good old days, delivered prosperity to Hong Kong via his low-tax, laissez faire policies. You had better watch your pocket.
Khaw Wei Kang, Shenzhen