https://www.scmp.com/rss/507743/feed Lee Shu Kam is associate head of the Department of Economics and Finance at Hong Kong Shue Yan University. en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Hong Kong politicians have been proposing ways to boost public coffers of late, as the government prepares to deliver its budget on February 24 in the face of a record deficit of more than HK$300 billion (US$38.5 billion). Predictably, calls for higher taxes have returned, in particular, for the stamp duty on stock trading and the betting duty. However, the two ideas are stale and counterproductive, especially the move to increase the betting duty – and I say this as someone who does not favour... https://www.scmp.com/comment/opinion/article/3122250/why-hong-kong-should-not-raise-taxes-gambling-and-stock-trading https://www.scmp.com/comment/opinion/article/3122250/why-hong-kong-should-not-raise-taxes-gambling-and-stock-trading Sun, 21 Feb 2021 01:45:09 +0000 October told a tale of two Hong Kongs, judging by a swirl of seemingly conflicting economic headlines. In a month when the city’s coronavirus-battered economy sent the unemployment rate to a 16-year-high of 6.4 per cent, the high drama was Cathay Pacific’s decision to slash 8,500 positions and fold its regional Cathay Dragon brand. In a parallel universe, stock market excitement bubbled over before Chinese fintech company Ant Group’s planned US$35 billion dual listing in Hong Kong and Shanghai... https://www.scmp.com/comment/opinion/article/3108406/property-market-frenzy-and-deep-recession-reveal-reality-two https://www.scmp.com/comment/opinion/article/3108406/property-market-frenzy-and-deep-recession-reveal-reality-two Fri, 06 Nov 2020 22:45:11 +0000