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
Smuggled veggies seized
SMUGGLED produce was intercepted by the Department of Agriculture (DA) keeping...
World Anti-counterfeit Clothing and Accessories Packaging – Market Opportunities and Forecasts to 2020 for the $20 Billion Industry
Research and Markets (http://www.researchandmarkets.com/research/63b2kx/world)...
Guwahati: Counterfeit cigarette racket busted in Bamunimaidam, One Held
Guwahati: A CGPD team from Chandmari Police Station raided a shop near Colony...
Counterfeit mobile goods a ‘serious problem’ in the UK
Case manufacturer OtterBox sets up fraud unit to tackle £2.3 billion market....
