13
WEDNESDAY, APRIL 20,
1988
INDIRECT LOW TAX AND
HAVE A NEW HE SAID IT WAS EASIER SAID THAN DONE TO TAX WHICH WOULD PRODUCE A STABLE AND WORTHWHILE REVENUE AT A RATE AND WHICH WOULD CAUSE ONLY MINIMAL DISTORTION TO THE ECONOMY WOULD BE SIMPLE AND CHEAP TO ADMINISTER.
CONSIDER IT AS A
CONTINGENT WHILE WR
"THOUGH I AGREE THAT WE SHOULD SCHEME, I WOULD ASK FOR EXTREME CAUTION IN ITS INTRODUCTION HAVE SUBSTANTIAL SURPLUSES, HE ADDED.
GOVT SHOULD ACCEPT SEPARATE TAXATION PRINCIPLE
THE ACCEPT
SEPARATE THE
PRINCIPLE OF THE
SHOULD GOVERNMENT TAXATION FOR MARRIED WOMEN AND LEAVE DETAILS TO BE WORKED OUT, DR HON KIM CHAM SAID IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
SPEAKING DURING THE BUDGET DEBATE, DR CHAM EQUITY SEPARATE TAXATION WAS AN IMPORTANT PRINCIPLE INTRODUCED INTO THE TAX REGIME.
THERE HAND,
WOULD
SAID IN TERMS OF WHICH SHOULD BE
OF QUESTIONS INDISPENSABLE PART OF
BE IMPORTANT ON THE OTHER PRINCIPLE TO BE LAID DOWN WHICH WOULD FORM AN THE BASIS OF SEPARATE TAXATION, HE NOTED.
AND
OFFERED ΤΟ ASSIST AND ANALYSING THE DIFFICULTIES
DR CHAM SAID THE OMELCO TAXATION PANEL HAD THE ADMINISTRATION IN ASSESSING TECHNICAL PROBLEMS ASSOCIATED WITH SEPARATE TAXATION,
MATTERS
OF ON THR
BE
IMPORTANCE WHICH MUST
ADDRESSED INCLUDED EMERGING ALLOWANCES, OF RELATED QUESTIONS
TREATMENT
CHANGES ΤΟ BE INTRODUCED IN ANTI-AVOIDANCE DEVICES, THE NECESSARY
ON TAX LEGISLATION A9 TERMS OF COMPUTER PROGRAMMING AND THE IMPACT WELL AS TRANSFERABILITY OF ALLOWANCES, HE POINTED OUT.
TIME TO NEVERTHELESS,
"WITH THESE COMPLICATIONS, I THINK THAT WE SHALL NEED
T+ HE SAID, ADDING THAT TECHNICALITIES,' WORK OUT ALL THOSE DIFFICULTIES WERE NOT INSURMOUNTABLE.
ADDITION,
DR
CHAM
URGED
THE
IN
GOVERNMENT CONSIDER THE INTRODUCTION OF A SINGLE PARENT ALLOWANCE.
TO
SERIOUSLY
HE SAID IN SOCIETY TODAY, THE RAISING OF CHILDREN BY PARENT WAS ADMIRABLE, DESPITE THE STRAINS AND STRESSES THE PARENT TO FACE.
A SINGLE
HAD
/"AS THESE