Don't blame Asia you say?

[TswaneNguni]

Originally Posted by daytonagmt

has very low income tax, which is around 15%. HK has low revenue tax, which is 16.5%. HK has efficient and cheap public health care. A paradise, huh? Hong Kong has the most expensive property market in the world. Compared to a 40msq apartment costing US$ 1 Million (1 hour transport from central area), a $10,000 Rolex is very affordable. It doesn't hurt saving up for down payment.

Interesting

We have 45% high income group income tax
15% VAT
But for $1mil you can buy a mansion
Cost of living is low,compared to most parts of the world.
Personal safety : Highest rape figures in the world,second highest murder.
Government which is run with corruption,nepotism and bribery.

Good points and pretty bad points ..