February 28, 2007

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This is the graphic at the government website today, announcing the income tax cuts for the seven people that pay it in this city. Despite weeks of newspaper leaks protesting there would be no tax cuts, Henry Tang has wound the clock back to 2002 in a giant up-yours to Singapore and allowing the Big Lychee's citizenry to enjoy a couple of crumbs of benefit from the property boom that is busy enriching developers at their expense. More importantly, he's also cut the city's punitively high grog tax. One waits with baited breath to see if Lan Kwai Fong's overpriced bars manage to pass on the cuts to their patrons.

Next year, Mr Tang might find a few savings by firing the graphic artists at the HK government website.

posted by Simon on 02.28.07 at 02:02 PM in the Hong Kong economy category.


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