[National Finance 89th floor]The ultimate victim of government fiscal deficit development business owners-President Cheng｜ Apple Daily

More than a year after the outbreak of the epidemic in Hong Kong, the Hong Kong government has spent more than 300 billion yuan in relief. Even if the economic miracle recovers in a short period of time, it will make at least 100 billion yuan to urge all walks of life. Secretary Chen Maobo has already intimidated Hong Kong people to raise taxes. He is already annoying. However, Zhong Guobin of the Liberal Party would go along and hit the securities industry first, but the response was great. Under the music chair, only one social interest group was left to suffer.

As the leader of the Liberal Party, Zhong Guobin mentioned that the financial industry is one of the few industries that have not been hit by the epidemic, stocks are booming, and transactions have surged. If the current stamp duty rate of 0.1% is doubled to 0.2%, at least 30 billion yuan can be collected. He also pointed out that investors don’t care, don’t mind, Beishui will even more ignore it.

The securities industry has experienced an explosion, and it is rare for the securities industry bosses to gather together to hold a press conference under the epidemic. Mrs. Zhu, the “Queen of the Shell” of Kingston, was even more unrelenting. She slapped Zhong Guobin’s ignorance of finance and suggested putting the cart before the horse.

Stock market becomes taboo

In Zhong Guobin’s eyes, the Hong Kong stocks stamp duty rate of 0.1% is a small amount, but the doubled rate of 0.2% is considered to be a small amount. But he did not understand that the zero stamp duty on US stocks has already sucked out many local investors; the conversion of hundreds of millions of shares worth of institutions would have to contribute an extra fee for unwarranted matters.

Obviously, the increase in stamp duty will pour cold water on Hong Kong stocks, Hong Kong’s only remaining competitive advantage. Although the Hong Kong Government is stupid, it will not be so stupid. Trading in the stock market has become a taboo. Another asset in Hong Kong that has not been affected by the epidemic and has a lot of room for tax increases is left in the property market.

Even though the government has introduced several additional stamp duties on purchases and sales over the years to generate a certain amount of income, they have all been cracked down by time and heads. They have not succeeded in stopping the increase in property prices. Under the low turnover, they have been driven high. If you watch the financial news, it is not difficult to see many small business owners leave the market making a lot of money.

Hong Kong is a free market, and there should not be too many tax items for asset transactions. However, the local property market has experienced 12 years of rising market, which has brought wealth to many owners-owning properties is not wrong, but the land policy has failed and it is extremely difficult for the public to get in the car. The government wants to “fight landlords” to levy capital gains tax, perhaps consciously standing on the moral high ground.

In fact, the stock market has become a major capital appreciation battlefield for young investors, while the property market is a bastion for older vested interests. The government levies taxes on the property market and offends developers and property owners, but it may be able to grab some scores. They will become the ultimate victims of the government’s fiscal deficit. The property market has been in the property market for 12 years.

President Cheng

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