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Hong Kong doesn't need a sales tax Although Hong Kong is currently enjoying a period of economic stability, many people still remember the difficult time they experienced during SARS and economic downturn. They are worried that the Government will not have enough revenue to maintain existing levels of services in the future because of the narrow tax base. Financial experts have suggested the implementation of a sales tax (Goods and Services Tax) in Hong Kong. I disagree with this proposition and I have three reasons to support my view. Firstly, it may be difficult to impose a sales tax on consumers. Many shoppers buy from street vendors or small business, which rent a temporary space to do business for a limited time. Unlike chain stores or supermarkets, they may not even have a valid business licence. This makes it difficult for the Government to collect a tax from them based on the...

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