Budget 2022-23: Hong Kong finance chief hits multinationals and local owners of pricey properties with more taxes

Feb 23, 2022 | INVESTING

Hong Kong’s finance chief has identified new sources of government income by hitting multinational companies and local owners of pricey properties with more taxes, a move analysts say is the only available option amid an economic downturn.In his latest budget, Paul Chan Mo-po also made it clear that it was not the appropriate time to revise the rates of profits and salaries tax – the government’s major sources of revenue – as people were generally under “considerable financial pressure” because…

Read More

Pin It on Pinterest