Hong Kong’s Richest Man Calls for Higher Tax Amid Wealth Gap
- Raising corporate taxes could help benefit the poor, Li says
- Li says government should give city’s youth more options
Hong Kong's Richest Man Wants to Ease the Wealth Gap
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Hong Kong’s richest man called for higher corporate taxes to help tackle wealth inequality and urged the government to think of ways of countering rising discontent among its younger residents by providing them with more opportunities.
"Tax companies an extra one or two percent, then a lot of the poor would benefit," CK Hutchison Holding Ltd. Chairman Li Ka-shing told Bloomberg Television’s Angie Lau in his first interview with international media since 2012. "The most important thing the government needs to think about are the options made available to young people."