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February 18, 2005

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Be nice to a Singaporean Day

Hong Kong will be offering a collective thank you to Singapore this weekend. They have just cut their personal income tax rate by 2% to 20%. Given the perpetual fear HK has of its competitors in Asia combined with an improved budget, this should be enough to stop the next increase in HK's tax rate. We can sleep well knowing only 16% of our income is to be wasted, rather than 17%.

Thanks, Lion City.

 posted by Simon on 02.18.05 at 04:15 PM in the




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