Hong Kong has followed Kuwait’s footsteps and is offering cash handouts to adult citizens. According to the Wall Street Journal, the Finance Minsiter has stated that Hong Kong is offering HK$ 6,000 ( US$ 770) to every adult citizen, as well as waiving 75% of salaries tax.

“HONG KONG—Bowing to intense public pressure, Hong Kong Financial Secretary John Tsang on Wednesday announced major changes to the relief measures presented in his budget speech last week, offering to give 6,000 Hong Kong dollars (US$770) in cash to every adult permanent resident as well as salaries tax cuts following a huge fiscal surplus for this financial year ending March 31.”

Tags: Amiri Grant, Cash Handouts, Hong Kong, Kuwait

This entry was posted on Wednesday, March 2nd, 2011 at 10:47 am and is filed under Kuwait, World. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.