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Hong Kong leader says will cut taxes, ease housing crunch in maiden policy address

October 11, 2017 12:28 PM

HONG KONG (Reuters) – Hong Kong will cut company profits tax to 8.25 per cent for the first HK$2 million (S$350,000) of earnings, Hong Kong’s Chief Executive Carrie Lam said in her maiden policy address on Wednesday (Oct 11) in which she laid out some of her priorities for the next five years.

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