Wednesday, May 05, 2010

The case against a Capital Gains Tax

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

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