FDW G 126
LI 698
34/11
KONG
PP HONG KONG
X 17217
M. Midd
Mr.
1416
GR 190
RESTRICTED
FM PEKING 110654Z JUN 82
TO PRIORITY HONG KONG
চ
MKK 026/11
TELNO 58 OF 11 JUNE.
FOR POLITICAL ADVISER FROM CLARK
No che
14/6
CHINESE TAX DELEGATION VISIT
1. RS ZHANG YIMING, DIRECTOR OF THE FOREIGN TAXATION POLICY
OFFICE OF THE MINISTRY OF FINANCE TOLD ME TODAY THAT DURING HER
VISIT TO HONG KONG NEXT WEEK SHE WILL PROPOSE THAT THE MINISTRY OF FINANCE SHOULD SEND A DELEGATION IN SEPTEMBER OR OCTOBER TO HONG KONG TO EXAMINE HONG KONG'S TAX REGIME AND TO TALK ABOUT
TAXATION PROBLEMS WITH OLD FRIENDS. THE MAIN OBJECTIVE OF THE
DELEGATION WILL BE TO EXAMINE HONG KONG'S ADMINISTRATION OF TAXATION, BOTH IN GENERAL AND IN RELATION TO FOREIGN ENTERPRISES OPERATING IN HONG KONG.
2. MRS ZHANG SAID THAT THE HONG KONG TAXATION COMMISSIONER HAD
INVITED HER TO DINNER ON MONDAY OR TUESDAY OF NEXT WEEK, AND SHE
WISHED TO GIVE ADVANCE WARNING OF HER PROPOSAL.
3. SHE WILL ALSO BE TALKING TO THE HONG KONG AND SHANGHAI BANK
ABOUT THE SUBMISSION WHICH THE BANK MADE SOME TIME AGO ON
WITHHOLDING TAX ON INCO'E FROM INTEREST ON BANK LOANS.
CRADOCK
NNNN
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