Today is Boxing Day, and the last day of my holiday. To conclude, I have spent most of my holiday to reading, which I preferred over pushing myself into the Mong Kok crowd.
One of the things I found out in my finance readings is that, people like Hong Kong, not because of its nightview, nor the bargain shopping that it offers.
It is the low tax system that pulls wealth into this city.
I was messaging to my two brothers on MSN yesterday. Leo (my elder brother) told me to read some finance book called "Automatic Millionaire". Then I browsed the content of it in Amazon.
"Nothing new under of the sun," said I.
He might have forgotten, I was a CFP designee for 5 years and financial planning tools are like my right hand. Financial planning is no fun to me, as everyone has their own financial planning, i.e. either s/he has or hasn't.
If you are choosing where to die, (meaning you are rich enough to think about that), be sure it is Hong Kong, where estate duty ceases, thanks to our Financial Secretary Henry TANG Ying-yen who abolished it in 2004.
I guess Mr. Tang must have received many *praises* by tax accountants and financial planners, who now skip their calculators punching when it comes to estate duty.
I have *wasted* much time on this topic back when I had the professional exams.
* - Being Sarcastic :)
