EconomyBig Apple vs Pearl of the Orient? New York tax hikes may open a door for Hong Kong
Zohran Mamdani won New York’s mayoral election last year on a promise to make the city more affordable through expanded social programmes partly funded by higher taxes on wealthy residents and profitable companies. He has secured a surcharge on high-end second homes and is still pushing for higher corporate and income taxes, proposals that have drawn intensified criticism and may benefit Hong Kong.
S
South China Morning Post★★☆☆☆2026-11-01 12:00Original
Big Apple vs Pearl of the Orient? New York tax hikes may open a door for Hong Kong
Economy