Part 3/9:

A Tax Model Unlike Any Other

Furthermore, the articulation of this economic model plays a significant role in its success. Hong Kong boasts some of the lowest tax rates in the world, with the highest income tax capped at just 16%. This low rate is coupled with the absence of sales tax, capital gains tax, or inheritance tax, creating a haven for wealth. Due to these low rates, the populace enjoys high-quality public services without the exorbitant tax burdens seen in other regions, making it an attractive destination for both local and expat professionals.