Hong Kong budget 2022-23: ‘higher rates for owners of multiples, pricey flats, but needy set for more handouts’

Feb 22, 2022 | INVESTING

The finance chief will reveal that owners of multiple, pricey properties in Hong Kong will pay more tax and lose some concessions in the future to boost government revenue when he delivers his budget on Wednesday morning, the Post has learned.Financial Secretary Paul Chan Mo-po is also expected to offer a fresh round of consumption vouchers and loans for residents and businesses in need due to the worsening fifth wave of Covid-19, sources said.Given the heightened infection risks, Chan will…

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