Tag Archives: Paul Chen

HKJC stung by 5-year levy on football bets

SBC News HKJC stung by 5-year levy on football bets

The Hong Kong Jockey Club (HKJC) will be taxed a further HK$2.4 billion (€280m) per year for the next five years, due to new fiscal measures imposed by the Government of Hong Kong.    This week’s budget statement by HK Financial Secretary Paul Chen announced the special measure that a ‘temporary betting duty’ will be applied to HKJC wagers from fiscal …

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