No debt, high growth, low tax : Hong Kong's economic miracle explained /

Governments around the world are wrestling with the problems of enormous debts, low growth, high unemployment and a gap between the demands of public expenditure and what can be raised through taxation. There are two small islands with no natural resources which have enjoyed high growth combined wit...

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Bibliographic Details
Main Author: Purves, Andrew (Author)
Format: Electronic eBook
Language:English
Published: London : Shepheard-Walwyn (Publishers) Ltd in association with the School of Economic Science, 2015.
Subjects:
Online Access:CONNECT

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245 1 0 |a No debt, high growth, low tax :  |b Hong Kong's economic miracle explained /  |c Andrew Purves. 
264 1 |a London :  |b Shepheard-Walwyn (Publishers) Ltd in association with the School of Economic Science,  |c 2015. 
300 |a 1 online resource (viii, 103 pages) 
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505 0 |a Landholding in Hong Kong -- Taxation in Hong Kong -- Other sources of revenue in Hong Kong -- Hong Kong's Mass Transit Railway (MTR) -- Singapore. 
504 |a Includes bibliographical references and index. 
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520 |a Governments around the world are wrestling with the problems of enormous debts, low growth, high unemployment and a gap between the demands of public expenditure and what can be raised through taxation. There are two small islands with no natural resources which have enjoyed high growth combined with low taxation: Hong Kong and Singapore. Nor do they have any public debts, in fact, on the contrary, they generally run a budget surplus, and investment income is a feature of their government revenue. Purves suggests that here lies a model for generating public revenue that could be adopted in other countries to allow a shift in taxation from production and consumption to the Economic Rent of land. --Provided by publisher. 
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650 0 |a Revenue  |z China  |z Hong Kong. 
651 0 |a Hong Kong (China)  |x Economic conditions. 
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