Comment Re:Clarify (Score 1) 599
Hong Kong max income tax rate is 16% but there are deductions which bring the median to around 10% only.
No other taxes at all, only stamp duty on real estate sales and duties on some very few items, like HK Customs and Excise Department puts it: HKSAR is a free port. There is no tariff on general imports. However, there is duty on liquors, tobacco, hydrocarbon oil and methyl alcohol. See more here http://www.customs.gov.hk/eng/major_dutiable_freep ort_e.html
Western societies as a whole are way too heavily taxed. Even the US is practically a socialist nation by taxation amount.
No other taxes at all, only stamp duty on real estate sales and duties on some very few items, like HK Customs and Excise Department puts it: HKSAR is a free port. There is no tariff on general imports. However, there is duty on liquors, tobacco, hydrocarbon oil and methyl alcohol. See more here http://www.customs.gov.hk/eng/major_dutiable_free
Western societies as a whole are way too heavily taxed. Even the US is practically a socialist nation by taxation amount.
