Hong Kong’s 100pc alcohol tax was one of the highest in the world. Research from Oxford Economics showed that Laos is one of the few countries with an even higher tax on spirits of 110pc.
Hong Kong has cut one of the world’s highest alcohol taxes in an effort to coax ... said on Wednesday that spirits duty would be slashed to 10pc and apply only to the portion of the price ...
Spirits such as whiskey, vodka, rum, and gin, thanks to their high alcohol content which acts as a preservative, are far more resilient and can last for an extended period after being opened.