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Lee Shu Kam

Lee Shu Kam

Lee Shu Kam is associate head of the Department of Economics and Finance at Hong Kong Shue Yan University.
Lee Shu Kam is associate head of the Department of Economics and Finance at Hong Kong Shue Yan University.
Languages Spoken:
English

Opinion | Why Hong Kong should not raise taxes on gambling and stock trading

The Hong Kong Jockey Club has managed to continue horse races throughout the pandemic, providing a steady source of revenue to the government and to its charitable organisations. Photo: Kenneth Chan

Any tax review must ensure the city stays competitive: raising taxes on gambling and stock trading will only penalise excellence and drive punters underground, costing the government much-needed revenue.

Opinion | Flat-buying frenzy and recession show the reality of two unequal Hong Kongs

Potential homebuyers line up at a sales office in Tsim Sha Tsui, for CK Asset’s 98 units at El Futuro in Sha Tin. The frenzy in the property market stands in sharp contrast to Hong Kong’s ongoing recession and high unemployment. Photo: Xiaomei Chen

Stock market and real estate excitement contrasts with Hong Kong’s prolonged recession amid the pandemic and rising unemployment. The government’s decision to abandon a vacancy tax on unoccupied flats risks further polarising the city.

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Hong Kong budget 2021-2022Stocks