Hong Kong has cut taxes after posting a record budget surplus. Hong Kong's government says it will give back to the community a large chunk of the territory's record budget surplus of almost $15 billion for this financial year.Income tax will be cut by 1%... ...full story at China Confidential
from China Confidential on Mon, Mar 03 2008
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Measures proposed in Budget for returning wealth to HK people » People's Daily Hong Kong Special Administrative Region (HKSAR) government Financial Secretary John Tsang vowed here Wednesday to return wealth to the people with a basket of proposals in his Budget after the city forecast a record surplus. Tsang r ... |
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