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
Contraband cigarettes seized in Nipigon
A Grenfell, SK man is facing charges after police seize more than 11,000 cartons...
Fake cutting blades seized from Chittoor shop
CHENNAI: Police seized fake cutting blade from a hardware shop in Andhra...
Biggest Pesticide Raid in Delhi: Police Seizes Spurious Branded Products
A special Delhi Police team raided the premises of a spurious pesticide...
MMEA Pahang foils attempt to smuggle in 2,000 cartons of cigarettes.
KUANTAN: The Pahang Malaysian Maritime Enforcement Agency (MMEA) foiled an...