Friday, 21 January 2011

Hong Kong Government is Loaded

The pockets of the HK Government seem to be quite large. This year there is an estimated HK$ 72 Billion spare cash lying around gathering dust. Whatever will they do with it only time will tell.

pile-of-cash

There have been calls for returning it back to the people through widening the tax bands although this will just reduce the amount paid next year, not that the tax rates are excessive in Hong Kong Compared to some other countries. This is unlike the other SAR of China, Macau, which recently happily actually gave money back to every citizen.

No doubt there will be some big construction project planned but what could you do with HK$72 Billion spare. Apart from a good holiday and a long party.

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