Tuesday, December 11, 2012

Hong Kong property tax hurts local business more than mainlanders





The unexpected bomb dropped by the Hong Kong government in late October on the city's overheated luxury housing market is akin to America's carpet bombing in the late 1960s of what was then known as communist North Vietnam.


At least, that is how one market watcher describes the government's attempt to curb the city's property prices.


Both actions had little regard, if any, for unintended casualties or victims.









via Business feed http://www.scmp.com/business/money/markets-investing/article/1102326/hong-kong-property-tax-hurts-local-business-more

No comments:

Post a Comment