27
THURSDAY, APRIL 21, 1988
YEAR'S BUDGET ON TAX CONCESSIONS, MR HUI SAID THAT WHILE THIS HAD BEEN HAILED AS A BONANZA FOR THE MIDDLE CLASS, NO PROVISION HAD BREN MADE FOR THE SO-CALLED SANDWICH CLASS PEOPLE WHO WERE MAINLY NON-OWNER OCCUPIERS OF PREMISES AND WERE NOT QUALIFIED FOR PUBLIC RENTAL HOUSING.
"THESE PEOPLE CANNOT BENEFIT FROM THE ONE PER CENT TAX
STAMP DUTY FOR CONCESSION IN
PREMISES COSTING
TO $500,000
91.5 MILLION WHICH ARE QUITE BEYOND THEIR MEANS TO PURCHASE."
FOR MR HUI MAINTAINED THAT WAIVING THE ONE PER CENT STAMP DUTY
THE GOVERNMENT LESS PREMISES COSTING LESS THAN $500,000 WOULD COST
INCOME EARNERS THAN $500 MILLION, AND WOULD INDUCE MORE MIDDLE-LOWER
SENSE OF BELONGING TO PURCHASE THEIR OWN HOMES, FOSTERING IN THEM A TO HONG KONG.
OF A SALES INCOME GROUP AND WIDEN
ANOTHER AREA OF CONCERN TO MR HUI WAS THE MENTION TAX, WHICH HE SAID WOULD HIT HARD THE LOWER THE GAP BETWEEN THE RICH AND THE POOR.
ON THE OTHER HAND,
PROFITS
HE NOTED
THE
THAT THE TOKEN ONE PER CENT
REDUCTION IN
TAX, WHILE NOT MAKING MUCH IMPACT ON
AND THE MONEY COLLECTED BUSINESS CIRCLE, COULD HAVE BEEN RETAINED,
BENEFIT COULD BE SPENT ON SOCIAL SERVICES WHICH WOULD BRING IMMEDIATE TO THE LOWER INCOME GROUP.
ADJUSTED
OF
THE GOVERNMENT TO SIMILARLY, HE FULLY SUPPORTED THE CALL FOR
INCOME TAX WHICH SHOULD BE REVIEW THE OUTDATED SCALE OF
EASE THE HARDSHIPS ACCORDING TO INFLATIONARY TRENDS IN ORDER TO LOW INCOME TAXPAYERS.
INTO FOR OF DISABLED
SAYING HE WAS TAKING THE GRASSROOT POPULATION'S INTERESTS CONSIDERATION, MR HUI PROPOSED THE INTRODUCTION OF TAX EXEMPTIONS
TO MEET THE NEEDS EMPLOYERS TO ADAPT THEIR MACHINERY WORKERS.
FOR FACTORY OWNERS WHO WORKING MOTHERS ON THEIR PAYROLL, CHILD ALLOWANCES FOR FAMILIES WITH
THERE SHOULD ALSO BE TAX CONCESSIONS OPERATED DAY CRECHES FOR ALLOWANCES FOR WORKING HOUSEWIVES AND ELDERLY AND INFIRM MEMBERS.
THAT IN ANTICIPATION OF A MR HUI ALSO SAID BOUYANT ECONOMY AND LIKELY
CUTBACKS EXPENDITURE ACT GOVERNMENT SHOULD
NOW
EXPAND AND IMPROVE SERVICES.
POSSIBLY
LESS
IN
1989,
THE
TO
SOCIAL
WELFARE
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