Hong Kong’s Bequest

  The idea of positive non-intervention is arguably one of Hong Kong’ s greatest bequests to political thought. This idea is even more relevant today as ad-hoc government responses to economic problems are creating an ever deeper financial crisis. Yet despite the better performance of Hong Kong because of itsContinue reading>

Strengthening the middle

Salaries and income taxes are less inevitable than the old canard about death and taxes would have you believe. Historically, income taxes were usually introduced to finance war. Similarly the salaries tax in Hong Kong was not introduced until 1940. Whilst suspended during the Japanese occupation, it resumed in 1947.Continue reading>