Hong Kong tax revenue falls by HK$18.2 billion to HK$342 billion amid weak stock and property-30% drop markets, but rebound forecast next year
Hong Kong’s tax revenue fell by HK$18.2 billion (US$2.3 billion) to HK$342 billion in the last financial year amid a slump in the stock and property markets, but authorities have said income is set to rebound as curbs on buying flats have been scrapped. Commissioner of Inland Revenue Tam Tai-pang said on Thursday he expected …