Hong Kong smokers to escape proposed tax hike in budget
The tax on tobacco will not rise in the upcoming budget despite a campaign to double the duty on cigarettes in a bid to get more Hongkongers to kick the habit.
A person familiar with the situation said Financial Secretary John Tsang Chun-wah would hold fire on any increase this year because the government was still studying the impact of his decision to raise tax by 20 cents a cigarette in last year’s budget.
“It is quite rare for the government to raise the duty in two consecutive years but we won’t rule out the possibility of further increases in future,” the person said.
http://www.scmp.com/news/hong-kong/article/1703788/smokers-escape-tax-hit-budget
Related Posts
4000 kg of fake paneer seized in Jharkhand: 6 foods with similar amount of protein as paneer
Paneer is a powerhouse of nutrition and is often consumed by vegetarians as a...
Korea steps up cigarette smuggling crackdown
The Korea Customs Service is to reinforce the monitoring of tobacco smuggling on...
Assam: 1 Held with Fake Currency Notes Worth Rs 5.65 Lakh in Sonitpur
One person was arrested on Sunday with fake Indian currency notes worth Rs....
Cigarette smuggling up nation-wide
VietNamNet Bridge – Lack of cooperation between the coast guard, police, market...


