Death and taxes

Hong Kong Can Make Income Tax Irrelevant

Borrowing for growth and investing for returns would meet the challenge of an aging society.
Anthony Kwan/Bloomberg
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It may be a good problem to have, but it's a problem nevertheless.

In his annual budget speech Wednesday, Hong Kong Financial Secretary Paul Chan announced a surplus of HK$138 billion ($17.6 billion) for the fiscal year 2017-18. That's eight times the original government forecast of HK$16.3 billion.