VINESDAY, OCTOBER 24, 1984
3
+YET, WHILE IT HAS A STATUS AND A HIGH PUBLIC VISION TO MAINTAIN, IT STILL HAS MANY EVERYDAY THINGS TO DO BEHIND THE SCENES,+ HE SAID.
HE ADDED THAT MUCH HARD WORK WAS NEEDED TO SUPPORT THE EFFORTS OF INDIVIDUAL HONG KONG COMPANIES, BRINGING TOGETHER BUYERS AND SELLERS THROUGH ITS TRADE ENQUIRIES SERVICE, PARTICIPATING IN TRADE FAIRS, STORE PROMOTIONS, AND ORGANISING GROUPS OF BUSINESS MEN AND WOMEN.
AS FOR THE EFFECT OF THE INITIALLING OF THE SINO-BRITISH DRAFT AGREEMENT, MR TIEN STATED, +1 CAN CONFIDENTLY SAY THAT WITH TRADE WE CAN ANTICIPATE SUCCESS IN OUR ENDEAVOURS.
+I CAN FURTHER SAY THAT TRADE IS WHAT HONG KONG MUST HAVE FOR STABILITY. AND MOREOVER, TRADE IS WHAT WE DO BEST.+
HONG KONG HAD SKILLED NEGOTIATORS AS WELL AS ENTERPRISING MANUFACTURERS AND TRADERS WHO COULD HELP TO ENSURE ITS CONTINUED SUCCESS.
+WE MUST NOT, HOWEVER, BE COMPLACENT. REQUIRED, HE SAID.
NEWER MARKETS ARE
AN ACTIVE POLICY OF TRADE DIVERSIFICATION WAS NEEDED AND HONG KONG'S PRODUCTS HAD TO BE INCREASINGLY MORE COMPETITIVE, HE ADDED.
PLEA TO KEEP TAXATION SYSTEM SIMPLE
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A PLEA TO KEEP HONG KONG'S TAXATION SYSTEM SIMPLE WAS MADE BY THE HON ALEX WỤ IN THE LEGISLATIVE COUNCIL TODAY.
MR WU ASKED THAT TAXATION BE KEPT SIMPLE, SO AS NOT TO CREATE A BUREAUCRATIC MONSTER OF THE KIND THAT IMPEDED BUSINESS IN MANY OTHER COUNTRIES.
+WE ARE ALL APPRECIATIVE OF THE EFFORTS OF THE FINANCIAL SECRETARY AND HIS TEAM IN DEALING WITH OUR DEFICITS,+ MR WU SAID. +BUT THE SOLUTION DOES NOT LIE IN CREATING A TAX SYSTEM
THAT ONLY EXPERTS CAN UNDERSTAND.
+THIS IS THE DANGER WE NOW FACE.+
RECENT INLAND REVENUE AMENDMENT BILLS SHOWED A MARKED TENDENCY TOWARDS THE INTRODUCTION OF COMPLICATED TAX SYSTEMS AND REPORTING REQUIREMENTS.
/THESE WERE