While it is populist and those most like to suffer will be shareholders (large & small) of the property developers, is it fair that the govt is rushing through yet another bill?
Abraham Razack said he would write to the president of the Legislative Council demanding more time for scrutiny.
Razack, of the pro-establishment Business and Professionals Alliance for Hong Kong, said: “When we talk about relations between the executive and legislative branches, does it mean the executive ignoring legislative procedures?â€â€œWe have called for them not to use the one-size-fits-all approach, particularly for flats priced over HK$10 million (US$1.3 million), †he said. “But they haven’t listened … what is Legco in eyes of this government?â€https://www.scmp.com/news/hong-kong/...cancy-tax-saysThe proposed tax rate is equivalent to two years of rental income, calculated by government specialists and based on market rates.