mardigras Posted July 21, 2020 Share Posted July 21, 2020 I read this. Hong Kong last year had a Turnover of NZD$49.5 billion. Revenue was NZD$7.4 billion They paid NZD$4.6 billion in duty. The HKJC provides 12% of the Hong Kong Governments revenue. The net surplus after taxation was NZD$415 million. Stakes (got there eventually) - wait for it......pause....... NZD$260 million. I wasn't sure if that was meant to be a positive or a negative. But importantly, if NZ code revenue for stakes was as low as that is, that would bring NZ stakes distribution to around $14m NZ with revenue around $400m (before taxes), money distributed to stakes around $130m. Say just under 1/3 of the gross revenue. HK just over 1/30th of gross revenue. Not sure if there is a heck of a lot of benefit comparing the two. Quote Link to comment Share on other sites More sharing options...
curious Posted July 21, 2020 Share Posted July 21, 2020 It does show how lucky we are here by comparison though if those figures are correct. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.