Financial Secretary John Tsang Chun-wah predicted deficits for four consecutive years from 2009-2010, but research shows the public coffers flooded with surpluses during this time. Photo: Sam Tsang

Profits tax soars 64pc despite government's gloomy forecasts: SCMP research

In light of warnings of a deficit ahead, the Post finds the government has been underestimating by billions how much it is due in profits tax

Financial Secretary John Tsang Chun-wah predicted deficits for four consecutive years from 2009-2010, but research shows the public coffers flooded with surpluses during this time. Photo: Sam Tsang
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