A law needs to be enacted to bring into force a doubling in stamp duty as of that date. Financial Secretary John Tsang has just addressed the subject in his blog. He wrote: ‘The legal sector has repeatedly expressed to us their worries about the risk of keeping the money…If we are forced to resume debate on the second reading on Friday or even later due to filibustering or other reasons, there will be a bigger risk the bill will not be passed.’ The three-month recess of the Legislative Council starts on July 15. Source: South China Morning Post
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