HONG KONG: The territory's business community, including Asia's richest man Li Ka-shing, would accept a two percentage point increase in corporate tax to help reduce the government's growing budget deficit, the local media reported yesterday.
“So long as it can cut the deficit, it would be good. I don't mind the government raising profits tax by 1.5 to 2 percentage points. I think that is reasonable,” Li was quoted as saying by the Metro newspaper.
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