The Hong Kong government plans to raise the stamp duty on equity transactions by 30% to boost its revenue as the city is set to rack up a record fiscal deficit and Financial Secretary Paul Chan warned that the shortfall would persist for several years.
Hong Kong’s Plan for 30% Stamp Duty Hike Sinks Stocks
2021年02月24日 21:11
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财新网
Government says it needs to raise revenue as it reports record budget deficit
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- Given the considerable financial pressure on businesses and individuals, the financial secretary said now was not the appropriate time to revise tax rates on profits and salaries. Photo: VCG
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