24. Refort of Commr. Q. Inland Rev for year
Hi Pundney called
be
unfortunately present.
h
Mr Palmer
ended 31-3-48
7
Today;
wan
unate li
The following pointi
louched
up on
during
were
conversation:
H
(a) Double taxation agreements. I Pudney
be
in
not at all
HK.
Point of views
of this kind.
sure that it would
interest from
a revenue
conclude agreement's
It might result in
exempling from HK tax
considerable
foreign shipping earnings without
for HVE who bossesses
quid pro quo
HK
little beally registered shipping whore
hable to Fox elsewhere.
earnings
art
He
will
matter
disium with the
all
this
aspects of 1. R. Dept: here.
(b) Taxation of income from overseas.
thought that for various reasons
He
peculiar to HK
took thi would be
difficult problem
and
he
doubted
whether they could tackle it just
yet-
and
Again The
will
discuss ways
with the I.R. Dept.
(c) The criticism levelled by the 1.R. Dapt
of the HK. Godinance.
See (11)
ngàmột 584
No fudney thought that to require addition to the list of exempt persons bey specific enactment He pointed out that the power to
make
addition's rests
to be made was too cumbersome.
with the governo
in Council and that this in the Colonial context is not unduly high handed. The pruine intention of the section
ww
(V
not-
grounds
these
to permit exemption from taxe of poverty equity and he saw need for power li
citer
remit taxe
grounds being provided. He with LR. Dept.
will discuss
If Pudney also discussed the
and I have
Praction about, this.
have minuted
on
He
to
Ase
staff 54394/4
Hi Strudwich
Page
of
the Inland Revenue Dept Tomorrow
morning Palmer
and
will
call
f.
see
M8
afterwards