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Increasing types of taxes will destroy Hong Kong's simple tax system, says Chiu Sin-chun

出自香港新聞網 - 樹仁新傳系學生實習習作

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Choi Pei-ngo


Groups in favor of broadening the tax base suggested the current

corporate profits tax rate should increase from 16.5 to 25 percent.

But NOW business program co-host, Chiu Sin-chun believed broadening

the tax base might destroy Hong Kong's simple tax system.


The Financial Secretary, John Tsang Chun-wah, says corporate

profits tax will not be reduced. He claimed that Hong Kong might

increase types of taxes to prevent a structural deficit in seven

years. Chiu Sin-chun critics that increasing types of taxes would

destroy Hong Kong's simple, low-rate tax system.


Chiu also critics that Hong Kong government had turned a blind eye

on the existing industry dominance problem, which leads to the

lack of competition on the market. He accused the Hong Kong

government of being inefficient. “Kai Tak Airport is the best example. The

land has been vacant for at least twenty years. The government

does not have a plan on it till last year, which proves its

inefficiency”, he said.


--115017 2014年3月4日 (二) 17:50 (UTC)

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