Hong Kong cuts tax rates: no surprise there

October 11, 2007 10:50 AM

Hong_kong
The Financial Times reports that Hong Kong will cut corporate and salary taxes by 1 percentage point to 16.5 and 15 per cent respectively.


This really isn't surprising. The Hong Kong government knows how to maintain the city's world-leading position, although the tax cuts have only used a small portion of last year's financial surplus. It's also true that a few years ago Hong Kong raised tax rates slightly.


But at least they are now being reduced. If only national insurance contributions could also come down again.

Hong_kong
The Financial Times reports that Hong Kong will cut corporate and salary taxes by 1 percentage point to 16.5 and 15 per cent respectively.


This really isn't surprising. The Hong Kong government knows how to maintain the city's world-leading position, although the tax cuts have only used a small portion of last year's financial surplus. It's also true that a few years ago Hong Kong raised tax rates slightly.


But at least they are now being reduced. If only national insurance contributions could also come down again.

Latest Blogs:

TPA Bulletin - 19th May, 2017

4:39 PM 19, May 2017 The TaxPayers' Alliance

TaxPayers' Alliance Icon

Agriculture

11:15 AM 18, May 2017 The TaxPayers' Alliance

TaxPayers' Alliance Icon

Transport

10:39 AM 17, May 2017 The TaxPayers' Alliance

TaxPayers' Alliance Icon

Debt and Deficit

10:37 AM 17, May 2017 The TaxPayers' Alliance

TaxPayers' Alliance Icon

Tax Burden

10:34 AM 17, May 2017 The TaxPayers' Alliance

TaxPayers' Alliance Icon

NHS

10:29 AM 17, May 2017 The TaxPayers' Alliance