Hong Kong considers lowering spirits tax to revive nightlife and shopping sectors post-pandemic.
Hong Kong is contemplating a tax reduction on spirits to revitalize its nightlife and shopping sectors, which have struggled post-pandemic. A proposed tiered tax system could lower rates on expensive spirits to boost premium spending while discouraging excessive consumption. If approved, this initiative aims to attract tourists and restore the city's status as a major travel destination, though specifics on implementation remain unclear.
September 25, 2024
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