Wednesday 2 March 2011

Hong Kong Offers Citizens Cash Handout

Hong Kong has followed Kuwait’s footsteps and is offering cash handouts to adult citizens. According to the Wall Street Journal, the Finance Minsiter has stated that Hong Kong is offering HK$ 6,000 ( US$ 770) to every adult citizen, as well as waiving 75% of salaries tax.

“HONG KONG—Bowing to intense public pressure, Hong Kong Financial Secretary John Tsang on Wednesday announced major changes to the relief measures presented in his budget speech last week, offering to give 6,000 Hong Kong dollars (US$770) in cash to every adult permanent resident as well as salaries tax cuts following a huge fiscal surplus for this financial year ending March 31.”


1 comment:

  1. how does the government of HK intend to send the $?...has this been decided?

    ReplyDelete