Donald Tsang, Hong Kong financial secretary, has relieved companies by leaving the corporation tax rate unchanged in his 2001 budget. The budget, announced March 7 2001, will be his last, as he becomes chief secretary in May of this year. For this reason, a cautious budget had been predicted and he did not disappoint. While there were changes made in the stamp duty rate and indirect taxation, there were no real tax changes for companies.
March 31 2001