-- ---་་་་་་
4
tax cuts abolish taxes on non-luxury items
the cost of living for ordinary families,
tickets. And the duty on
bus companies,
9.
Other
which affect
soft drinks namely
diesel fuel
and
cinema
abolished is
for franchised
helping to keep bus fares down.
10.
There will be
modest
increases in profits tax
(+18) and
rates the
(+0.5%),
which will not damage Hong
Kong firms'
competitiveness.
[The
effect of the rates
increase on inflation
is negligible, at 0.14% on CPI (A).
It equals $43 a month extra for average private flat, $15 a
These
and
other revenue
additional $3.8 billion in a full
month
for
average
HA
flat.]
measures
will raise an
year.
11.
The
Budget's
five tax
concessions
will
dost
$2.1 billion.
The net additional revenue, therefore is
$1.7 billion in a full year.
(HIGH-L)
90'd
ØPST LES 259
'S I'D
20:91 2667-JUW-10