![]() ![]() ![]() ![]() This is effectively what has happened in Hong Kong as it has accelerated the integration of people and infrastructure with its giant neighbor, while retaining a three decades-old currency peg to the greenback. New York residents would likely be none-too-pleased if they felt they were subsidizing those bargains to non-tax-paying day-trippers. In these circumstances, you might expect half of America to descend on the Big Apple for a shopping bonanza. To replicate the Hong Kong situation, New York would have both significantly lower taxes and a currency pegged at a discount of 25% to the U.S. To get a sense of the situation Hong Kong finds itself in, imagine if New York were to have a separate currency and tax regime from the rest of the United States. Sample Itineraries, Upcoming Tours, Special Offers, Travel Advisory.Furthermore, it’s pretty clear the majority of these visitors are not here to see Hong Kong’s undersized Disneyland but are really traders seeking bargains, courtesy of an outdated exchange-rate regime. Trip Planner Entry Requirements, Transportation, Maps, Practical Information, Maramures, Transylvania, Walachia Main Cities in Romania Bucharest, Alba Iulia, Arad, Baia Mare, Brasov, Braila, Cluj, Constanta,Ĭraiova, Deva, Galati, Iasi, Oradea, Satu Mare, Sibiu, Sighisoara, Suceava, Timisoara, Targu Jiu, Targu Mures, Tulcea. Romania Historical Regions Banat & Crisana, Bucovina & Moldova, Dobrogea, Traditional Villages, World Heritage Sites, Black Sea Resorts Special Interest Arts and Crafts, Architecture, Authentic Experiences, Active Vacations,ĭanube River Cruises, Dracula Legend, Festivals & Events, Food & Wine, Genealogy Searches, Jewish Heritage, Meetings & Incentive, The Carpathian Mountains, The Painted Monasteries, Medical Spas, Government, Economy, Did You Know, Romania in the Press Main Attractions Transylvania Medieval Towns, Castles & Fortresses, Danube Delta, About Romania Fast Facts, Location, Geography, Climate, People, History, ![]()
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