Recent Increase in High-Earning Taxpayers in Hong Kong Sparks Interest Amid Revenue Decline
Thursday, 2 May 2024, 14:19
Key Highlights:
- The number of high-earning taxpayers in Hong Kong exceeding HK$900,000 is on the rise despite a decline in tax revenue.
- Notable figure 'King of Employees' Canning Fok reported an income of HK$129.7 million.
- Executives from major conglomerates are found to earn between HK$9 million and HK$130 million.
Authorities have chosen not to disclose the identities of the highest earners, leaving room for speculation and investigation into this income inequality.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.