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IMBALANCE OF POWERS

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I recently held a short talk for a group of interested but non-expert wine consumers, where I had taken the perhaps foolhardy decision to tackle the thorny issue of wine pricing in our wine market. To give a bit of background for those whose lives do not revolve around the wine trade, the familiar part of the story is that in 2008 the Hong Kong government removed all taxes on wine (imports and consumption, and we don’t have a VAT), creating the modern world’s first completely free market for wine.