Corporate income tax registered 717.34 billion yuan, a rise of 27% and equivalent to 111.6% of the target, with the high increase mainly due to the large increase in corporate income tax in 2007.

企业所得税7173.4亿元，增长27%，完成预算的111.6%，主要原因是汇算清缴2007年企业所得税增加较多。

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Hong Kong has no general income tax, only a salaries tax, a corporate-profits tax and its equivalent of a property tax.

ECONOMIST: Hong Kong