Hong Kong does not have a Capital Gains tax or a VAT tax. The lack of those two taxes, I believe go a long way towards explaining why Hong Kong is prosperous DESPITE the incompetent government officials.
Here is a good overview of a Capital Gains tax and why it is a bad idea.
Until Next Time
Fai Mao
The blogger does not support a Capital Gains or VAT tax
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment