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QS World Universities Ranking 2025 | Hong Kong universities climb in the rankings

In recent years, many universities in Hong Kong have made significant progress in global rankings, including the University of Hong Kong, the Hong Kong University of Science and Technology, the Chinese University of Hong Kong, and Lingnan University. The University of Hong Kong is one of the oldest and most prestigious universities in Hong Kong. With its excellent teaching and research results, as well as extensive international cooperation, the University of Hong Kong has always been ranked among the top in international rankings. The Hong Kong University of Science and Technology has also made significant progress in rankings in recent years. It focuses on cultivating innovative talents and has achieved groundbreaking research results in science, engineering, business management and other fields. The Chinese University of Hong Kong is highly praised for its diversified disciplines and excellent research results. In international rankings, the Chinese University of Hong Kong also main

Types of tax

1. Explicit tax
Explicit tax is a type of tax specifically collected by a government.

For examples, profits tax is charged on the net income of the corporation and income tax is charged on the salaries or incomes of the individuals.

In income tax, the tax rate are in three types: progressive rate, regressive rate, and proportional rate. You may click the link embedded to learn more.

Sometimes, tax is not only charged on the individual's income or the net income of a corporation. But it is also charged on wealth.

This type of tax is commonly known as wealth tax. It can also be called as capital tax or net worth tax.

Besides, taxes can also be classified to direct taxation and indirect taxation,

2. Direct taxation
It refers to the tax liability or the tax burden cannot be shifted, for examples, income tax and wealth tax.

3. Indirect Taxation
It refers to the burden of taxes might be shifted from producer to consumer. 

One example of indirect taxation is the value added tax (VAT) or sales tax in Japan. Tax are imposed on spending of people. It is usually collected from the buyer by the seller (e.g. grocery stores, supermarket). The sellers will then remit the collected amount (i.e. tax) to the government. 

Simple calculation of Value Added Tax (VAT):

Price of an orange: $20
Tax rate: 10%
Total amount (including VAT): $22

4. Implicit Tax
Sometimes, you are actually paying taxes. But you don't know. Really? 

This type of tax is not collected bt the government, but it is rather the result of tax policy. (i.e. you don't need to pay tax, but you pay more for a good or service) Unlike explicit tax, implicit taxes will not increase government revenue. 


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