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Widen the tax base would affect the simply tax system

出自香港新聞網 - 樹仁新傳系學生實習習作

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Chan pak Yee Pansy

Some people suggested to widen the tax base or charging the entrepreneur with higher tax,

NOW business program co-host Chiu Sin-chun said today in Shue Yan University that these

policies would affect and disrupt the simple tax system.


The government's fiscal advisers warned yesterday that Hong Kong could be as heavily indebted

as a structural deficit of HK$1.54 trillion by 2041 if the city is spending grows at the current

pace and due to ageing population and diminishing speed of improvement.


Chiu Sin-chun also blamed the government for poor efficiency. He used Kai Tai as an example

saying that the government does nothing on planning. ‘They spent over 10 years to develop an airport

runway, how can things be well-developed, it is way too slow,’ he said. He also described Hong Kong

as a monopoly, saying that many industries has disappeared while only several industries can stay in Hong Kong market.

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