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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.

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.

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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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