Hong Kong - Tax cuts headline good news budget

Hong Kong has waived its duties on wine and alcohol, moving one step closer to becoming a fine wine hub and consolidating its position as an international business hub. The news was among some of the tax cuts, subsidies and investment measures contained in a HK$115.6 billion (US$14.8 billion) budget handout (Hong Kong Trader, 03/03/2008). Click on the link for complete article.