Supporters of Hong Kong’s higher stamp duty tout benefits even as rising transaction costs make trading one of the most expensive in the world

//Supporters of Hong Kong’s higher stamp duty tout benefits even as rising transaction costs make trading one of the most expensive in the world

Supporters of Hong Kong’s higher stamp duty tout benefits even as rising transaction costs make trading one of the most expensive in the world

Hong Kong’s plan to increase stamp duty by 30 per cent in August will add much-needed revenue to the government’s coffers while helping to drive away dangerous speculative trading activities by high-frequency traders, according to officials and analysts. The city is joining global governments in seeking ways to increase revenue to finance a reboot of struggling economies after the Covid-19 pandemic. Hong Kong and the US, where the stock market performances have outpaced the pandemic-wrecked…

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By | 2021-03-27T02:00:17+00:00 March 27th, 2021|Business|Comments Off on Supporters of Hong Kong’s higher stamp duty tout benefits even as rising transaction costs make trading one of the most expensive in the world