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Diversity and Occasional AnarchyOn Deep Economic and Social Contradictions in Hong Kong$
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Yue Chim Richard Wong

Print publication date: 2013

Print ISBN-13: 9789888139446

Published to Hong Kong Scholarship Online: January 2014

DOI: 10.5790/hongkong/9789888139446.001.0001

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Taxation, Regulation, and the Rational Politician

Taxation, Regulation, and the Rational Politician

(p.139) 14 Taxation, Regulation, and the Rational Politician
Diversity and Occasional Anarchy

Yue Chim Richard Wong

Hong Kong University Press

Governments usually intervene through taxation or regulation to manipulate market decisions as well as their outcomes. This chapter guides readers into thinking about the extent to which regulations adopted by governments are implemented out of public interest. It shows why it can be misleading to regard “cross-subsidies” as acts of pure corporate social responsibility. It also explains why the regulations advocated by green groups to reduce pollution can be inefficient. It examines regulations in foreign countries and shows that they are not flawless.

Keywords:   Taxation, Regulation, Rational politician, Policies, Hong Kong, China, Economy

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