[LMB] General rules for Governments
litalex at gmail.com
Sat Jun 19 21:36:33 BST 2021
>> On Jun 19, 2021, at 12:57 PM, Alex Kwan <litalex at gmail.com> wrote:
>> I was told that in Hong Kong, the government gets money from land sales… Yes, there’s income tax, but quite low comparatively.
> On Jun 19, 2021, at 15:17, Howard Brazee <howard at brazee.net> wrote:
> I believe it even makes money on its subways, by owning the buildings at each subway exit.
Yes, but the subway system is technically an independent company, just with the government owning the majority of its stocks. But people are often unhappy with it whenever it increases fares, precisely because it is very profitable.
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