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The Minimum Wage Ordinance Cap. 608 is an ordinance enacted by the Legislative Council of Hong Kong to introduce a minimum wage in Hong Kong in July 2010. [2] The executive branch proposed a minimum wage of HK$28 (~US$3.61) per hour in November 2010, which the Legislative Council voted to accept after much debate in January 2011.
Income tax rate in Hong Kong is 2% when net taxable income is from 1 to 50,000 Hong Kong dollars, 6% when net taxable income is between 50,001 and 100,000 Hong Kong dollars, 10% when net taxable income is between 100,001 and 150,000 Hong Kong dollars and 14% when net taxable income is between 150,001 and 200,000 Hong Kong dollars.
None; the mining, construction, security and agricultural sectors set basic levels of pay through collective bargaining. [10] 45 2014 Nauru: None; there is a graduated salary system for public service officers and employees, none for private-sector workers. [10] 40 [161] 2014 Nepal: रू 15,000 (US$126.98) per month [162] 1,524: 4,913. 48 0. ...
The Legislative Council in Hong Kong most recently approved the revision on the SMW rate to increase to HK$37.5 per hour, effective 1 May 2019. [63] Although the total statistics for Hong Kong show declining poverty, child poverty increased .3 percentage points from 2017 to 2018, up to a total of 23.1%, as a result of larger households due to ...
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An alternative is to look at how much time it took to earn enough money to buy various items in the past, which is one version of the definition of real wages as the amount of goods or services that can be bought.
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According to Denise Yue Chung-yee, 17% of working people paid 80% of the income tax of Hong Kong, i.e. households with monthly income more than HK$45,000 pay 80% of income tax of Hong Kong. Meanwhile, a significant portion of those 17% of working people were double income families.