Hong Kong's total financial reserves are, on any scale, vast. What is the nature of the taxation system to which this excess of riches can be attributed? What are the challenges facing that system as Hong Kong moves into the post-colonial era of the twenty-first centure as a Special Administrative Region of the People's Republic of China? And how will, or how should, these challenges be met? This article tries to answer these questions. It then concludes by analysing the paradox: why has a tax system, redolent of colonial Great Britain at the height of power, operating inequitably and arbitrarily, been so highly productive of revenue that all by the most pressing avenues for reform have been eschewed in favour of the trite, but in Hong Kong oft-repeated, aphorism: "If It Ain't Broke, Don't Fix It."
"The Hong Kong Tax Paradox Or Why Jurassic Park Exists in the Pearl River Delta,"
Revenue Law Journal:
1, Article 2.
Available at: http://epublications.bond.edu.au/rlj/vol8/iss1/2