2
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7
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9
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the
for
on
the
approach will probably be justified. However, if prediction is wrong, is it fair for the affected parties
example,
to
on keep workers, t
paying tax compensation which they received when they lost their jobs ?
the
Sir, I believe the Financial Secretary has been less generous
than he can afford to be, so I welcome an undertaking from
him that if, in 1989, there is по clear evidence of an
economic downturn, he will review the possibility of granting
increase tax exemption for severance+pay, increasing the allowance for
per cent machinery depreciation, and the removal of 10 claw-back
on personal allowance and the tax of soft-drink and
cosmetics.
remove
Cab 15 Sir, I welcome the introduction of a working wife allowance,
16 as an interim measure for separate taxation.
-17
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19
Cap20
B
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le 23
However, I
believe the time has come for the Financial Secretary to make
a firm commitment on the date for the introduction of separate
taxation. And may that date be as early as possible.
was
ساحة المبار
In
introduced only to
be
1970, a working wife allowance removed three years later. present introduction of the allowance face the same
I would not wish to see the
sete fate,
But, if the Financial Secretary accepts separate taxation as a
24 feature of our tax system, then I can be confident that
working+wife allowance will only be
ঈ
introduction of separate taxation.
三
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removed by the
that due that due to the
The Financial Secretary said in his speech
complexity of the subject. it would not be feasible to introduce separate taxation overnight. It was also reported 0 31 in the press that the Financial Secretary said if people wish to influence the budget, they really need to start at least
Cap 32 Ze 33
34
35
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six months ahead, And the representation, from Legislative
Councillor on separate taxation/ came about three months before three months before the Budget and was therefore,
too late to have any impact.