June 23, 2023
The Hong Kong Jockey Club (HKJC) is facing a HK$12bn (£1.2 bn) tax hit after the Legislative Council approved plans for a Special Football Betting Duty (SFBD) lasting for the next five years. Jockey Club officials had objected to the plan to impose a HK$2.4bn a year tax on its football betting operation when it was proposed earlier this year. …
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