Since we're OT, I'll just add my comment that I'm glad HK has scrapped this tax. Good wine isn't a luxury, it's a necessity of life. Therefore, it shouldn't be taxed.
Since we're OT, I'll just add my comment that I'm glad HK has scrapped this tax. Good wine isn't a luxury, it's a necessity of life. Therefore, it shouldn't be taxed.
Yes, but you will NEVER see the tax savings being passed onto you.
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Well, it's good to see that the duty on wine is going down even more. It used to be as high as 90%, then was cut to 60% about 8-9 years ago. That may have explained why I rarely bought or drank wine while living in HK back then.
Yes, but you will NEVER see the tax savings being passed onto you.
Nonsense. Eliminating the tax will reduce the cost to retailers and super-retailers (restaurants). The market will inevitably push prices to consumers down.
Nonsense. Eliminating the tax will reduce the cost to retailers and super-retailers (restaurants). The market will inevitably push prices to consumers down.
Hmm, do you live in HK?
Last year the govt reduced wine duty, did the cost get passed on? no.
All the retailers will say is that the landlords have put up rents and therefore they can't reduce the price of their goods.
Last year the govt reduced wine duty, did the cost get passed on? no.
All the retailers will say is that the landlords have put up rents and therefore they can't reduce the price of their goods.
So you're telling me that Hong Kong is the one place in the world where market pressures on prices don't work. I'll believe that when I see it on my next visit to HK.
Hong Kong has some of the most well organised cartels in the world, whether it be in property or supermarkets.
The one thing that may make a difference this time is that by taking the duty to zero it opens the way for individuals to bring their own wine in without any formalities.
