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Joseph Yau: Government Should Introduce GST

出自香港新聞網 - 樹仁新傳系學生實習習作

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(That is a lack of urgency in your report which fails to persuade your readers why it is necessary to broaden the tax base. Expenditure increase doesn't merit the introduction of new tax, but deficit in seven years does.)

March 11, 2014

Wong Yik Man Sherman


Joseph Yau, The President of The Taxation Institute of Hong Kong, said the government should stabilize its revenue by broadening the tax base and Goods and Services Tax (GST) should most basically be the new tax to be introduced.


Since the government’s recurring expenditure would be increased according to budget 2013/14 and a number of infrastructure projects are launching, the government should broaden the tax base to stabilize revenue, said Joseph Yau. Although CY Leung had announced that there would be no increase in tax until the end of his current term in 2017, Yau thought the discussion on broadening tax base should start before that. He suggested introducing GST as a new tax. “It was a fair system which fulfilled the principle of “user pays” and it had been using in many countries.”


The government had failed to introduce GST in 2006 because opposes arose when costs were needed to build up the system. However, Yau said the cost was worthwhile as the system would be used for long term.


He also doubted that Financial Secretary John Tsang had disputes with Chief Executive CY Leung over the issue of government expenditure. “They have plenty of time having meetings together. The Policy Address was announced before the Budget, so John Tsang certainly knew what the Chief Executive thought.” In spite of social discontent on too little “sweeteners”, Yau said, “We think the government should avoid spending on one-off ‘sweeteners’, since those would not help the economy a lot.”



--115111 2014年3月11日 (二) 18:17 (UTC)

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