Saturday, July 22, 2006

The GST Shuffle

As an addendum to my last post on the proposed HST in Hong Kong. TVB had a report on either Thursday or Friday night that showed government figures claiming the GST they are proposing would raise about HKD $30-billion but that after rebates and administrative cost net the government about 20-billion.

My HKD $1000.00 tax on shipping contains would gross about 22-billion with greatly less in administrative cost so the two plans are about equal in fund raising. However, mine does not fall upon the shoulders of the poor and lower middle class.

Until Next Time
Fai Mao
The Tax Resisting Blogger

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