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
RAID ON CORNISH SMUGGLERS
A spokeswoman for the council said ‘hundreds of pouches of rolling tobacco and...
Manipur man held for smuggling 72L gold at IGI airport
New Delhi: A man from Manipur has been arrested by the customs officials for...
Smuggled cigarettes worth lakhs seized in Mizoram
AIZAWL: In yet another success in the crusade against smuggling activities, a...
Bengaluru police bust fake hand sanitizer manufacturing racket, arrest two men.
The Central Crime Branch sleuths have seized 8,500 bottles of hand sanitisers...


