20
WEDNESDAY, MARCH 1, 1989
TO INCREASE
IN ORDER TO RESTORE THEIR REAL VALUE, HE PROPOSED BY EIGHT PER CENT THE SPECIFIC DUTY RATES IN RESPECT OF CHAMPAGNE
WINES, CIDER AND PERRY, NON-EUROPEAN SPARKLING WINES, STILL WINES AND CHINESE TYPE SPIRITS.
IN
RELATION TO DUTIES
ON
AND TYPE
INTOXICATING ALCOHOL
LAST PROPOSAL HIS LIQUORS AND ALCOHOL WAS TO INCREASE THE BASIC RATES FOR ETHYL AND METHYL ALCOHOL FROM $455 TO $490 A HECTOLITRË.
ASSUMING NO CONSUMER RESISTANCE, MR JACOBS SAID, THE ADDITIONAL REVENUE YIELD TO BE $21 MILLION IN 1989-90.
HE ESTIMATED
TOBACCO
MR JACOBS PROPOSED AN INCREASE IN THE DUTY ON $175 TO $190 PER 1,000 STICKS.
CIGARETTES
FROM
ΤΟ
$250 A AND ON
INCREASED
FROM $233 THE DUTY ON CIGARS WOULD BE
$230 A KILOGRAM; KILOGRAM; ON SMOKING TOBACCO FROM $212 TO CHINESE PREPARED TOBACCO FROM $45.50 TO $50 A KILOGRAM.
HE ESTIMATED THE ADDITIONAL REVENUE YIELD TO IN 1989-90.
BE $102 MILLION
ALL THE CHANGES IN
DUTY
THE SUBJECT OF REVENUE PROTECTION ORDERS AND CAME INTO EFFECT THIS AFTERNOON.
WERE RATES
PUBLIC
INCREASES IN FEES, CHARGES TO YIELD $287 MILLION
THE
SECRETARY, FINANCIAL
THE
HON
PIERS
TODAY JACOBS,
CHARGES WHICH
(WEDNESDAY) PROPOSED INCREASES IN A NUMBER OF FEES AND ARE EXPECTED TO YIELD SOME $287 MILLION IN REVENUE IN 1989-90,
FEES, VEHICLE AND REGISTRATION
THE INCREASES AFFECT BUSINESS REGISTRATION DRIVING LICENCE FEES, DEPOSIT-TAKING COMPANY LICENCE AND FEES, AND FERRY PASSENGER EMBARKATION AND PORT RELATED FEES.
PRESENTING HIS BUDGET IN THE
ON FEES AND NOTED THAT THE POLICY SERVICES SHOULD GENERALLY BE PAID FOR
EFFECT
BE
JACOBS THAT
MR COUNCIL, LEGISLATIVE
CONTINUED CHARGES BY THOSE WHO USED THEM.
FROM APRIL
THIS
מזיך
YEAR,
THE
HE PROPOSED THAT WITH BUSINESS REGISTRATION FEE SHOULD BE INCREASED FROM $550 TO $630.
"THE FEE WILL APPLY TO
ALL.
BUSINESSES WILL CONTINUE
70 BE
REGISTERED BUSINESSES, BUT
THEIR MONTHLY GRANTED EXEMPTION IF
HE SAID, TURNOVER DOES NOT EXCEED CERTAIN PRESCRIBED LIMITS,
SMALL
/MR JACOBS