Trafalgar - the HK government is pretty decent, as governments go. The taxes you pay do pay for education, for health care, for policing, for support of the elderly etc.
Not have PAYG like most of the world just means that you have to remember to save, rather than having it deducted. But it is hardly a surprise - however every year some forget to budget and scramble for tax loans etc.
So, cancelling that holiday etc. has got nothing to do with the (reasonable) tax regime in HK, but not getting ex gratia payment.