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(From The Standard)
Byline: Foster Wong
A majority of well-off households believe the government should scrap estate duty to bolster the city's position as an asset management centre and attract overseas assets back to the SAR, a survey has revealed.
The survey, commissioned by accounting giant Ernst & Young and conducted by Hong Kong University, interviewed 538 respondents in household visits, of whom 36 per cent had assets of at least HK$7.5 million _ the exemption threshold for estate duty.
It found that 70 per cent of respondents agreed that estate duty should be abolished. About one-third of these respondents said the most important …