Hong Kong finance chief rules out capital gains tax for ‘foreseeable future’ for city

Hong Kong Financial Secretary Paul Chan Mo-po has ruled out introducing a controversial capital gains tax in the foreseeable future. In an interview with the Post, Chan noted the potential impact such a measure would have on the city’s economy and its tax competitiveness. Speaking from Davos, where he is attending the World Economic Forum, Chan also rejected suggestions of introducing a departure tax.