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One-off sweeteners cut is reasonable

出自香港新聞網 - 樹仁新傳系學生實習習作

跳轉到: 導航, 搜尋

Reporting Yao Pik Tan Kasky

11 March 2014


The President of the Taxation Institute of Hong Kong said that he agreed with the financial chief that a one-off sweetener was not the best way for Hong Kong economy.


One-off sweetener was ineffective for HK economy

In the 2014 budget released by Financial Chief John Tsang Chun-wah, one-off sweetener would be cut 40 per cent, and the abolition of the sweeteners would contribute to a 6 per cent cut in spending and a predicted surplus of HK$9.1 billion in 2014-15. Joseph Yau agreed the abolition of the sweeteners because the policy was not effective to Hong Kong economy. Yau said that not every citizens received the money would spend on the market, so that it could not help increasing GDP.


Broaden tax base was Hong Kong’s future

Yau said that broaden tax base was a large scale topic for Hong Kong. The topic must have a detailed discussion before implement. “Broaden tax base was our future,” said Yau. However, Yau said that the proposal of broaden tax base would not be implemented before 2017.


Land departure tax was not the best solution for broaden tax base

Yau opposed to introduce the land departure tax as it would add to the burden of frequent commuters between the Mainland and Hong Kong. The proposal would also affect adversely the growing integration between Hong Kong and the Mainland as well as the economic recovery at the time. Yau said that the departure tax should include all kinds of transports instead of introducing land departure tax only.

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