Hong Kong is considering lowering taxes on spirits to revitalize its nightlife, dining, and shopping scene, hoping to attract tourists and regain its position as a premier destination. The tax cut, potentially part of a tiered system for different price points, aims to boost spending on premium liquor while discouraging the purchase of cheaper options. This move reflects Hong Kong’s broader ambition to become a global hub for spirits trade, mirroring the success of its wine industry after the 2008 duty removal.