HK has no capital controls and no capital gains tax, so I was confused at what the motives might be here. Turns out it was seized because it was "unmanifested" cargo.
The "criminals" only tried to hide the gold because otherwise Japan would have charged them a 10% import duty on it.
Yeah and to avoid that they tried to smuggle it and paid the ultimate price of seizure.
¯\_(ツ)_/¯
I had no knowledge of hongkongs capital controls previously.
Canada is not above USA, which makes me think this entire list is BS
Freedom to you isn't the same freedom they are measuring apparently.
Looks like corporate tax and income tax is higher in the US than it is Canada.
Tax robs you of economic opportunity.
Ease of starting a business, tax rates, regulatory efficiency, government size etc are the kind of things they look at.
The numbers are very close though relative to the rest of the list, the ordering is probably just splitting hairs. US and Canada are in the same grouping, which I'd say is accurate.
