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Hong Kong stamp duty

To rein in the city's runaway housing prices, Hong Kong's Financial Secretary John Tsang Chun-wah announced an additional 15 per cent stamp duty on non-permanent-resident and corporate buyers starting from October 27, 2012. The move prompted speculation over the effectiveness of taxation on the real estate market and criticisms that Hong Kong was turning away from its roots as a free market economy in favour of a more protectionist market environment.

 

Since taking office, Chief Executive Leung Chun-ying has been facing a credibility crisis and an endless string of scandals. Photo: Simon Song

Franklin Lam should not be government adviser

Since taking office, Chief Executive Leung Chun-ying has been facing a credibility crisis and an endless string of scandals. As a result, he is the least credible chief executive since the handover.

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