Source: CCTV.com

05-03-2007 16:08

Special Report:   HK 10 Years

The Hong Kong's total tax revenue soared to a record high of 155 billion HK dollars in the latest tax year, up 7 percent on the last financial year.

The Inland Revenue Department attributes the increase to the rebounding economy, the extensive improvement in the labor market, and very active stock market transactions. The IRD says the biggest percentage rise was in stamp duty, reaching over 25 billion Hong Kong dollars during the period. While stamp duty on stocks alone was up over 85 percent year on year.