20
WEDNESDAY, APRIL 26, 1989
IN THE SAME CONTEXT
SUPERVISION COSTS IN RESPECT CORRECT APPROACH.
HE
WHETHER QUESTIONED OF DEPOSIT TAKING
THE RECOVERY OF COMPANIES
WAS THE
SHOULD
SUPERVISION
"IF IT IS THE CORRECT APPROACH IT SEEMS TO ME THAT THEY
PERMIT
OF FULL RECOVERY BE CHARGED THE RATE THAT WILL
HE SAID, COSTS, A COURSE WHICH I DO NOT BELIEVE TO BE RIGHT,
11
0-
PAUL CHENG: HK MUST ASSUME COMMERCIAL LEADERSHIP ROLE
то
CHOICE
BE THE
OF PLACE
FOR MUST CONTINUE KONG HONG
ROLE IN THE UPCOMING INTERNATIONAL ORGANISATIONS WANTING TO PLAY A
OR USING HONG PACIFIC ERA - BY EITHER MAKING DIRECT INVESTMENT HERE
PAUL CHENG SAID IN KONG AS A STAGING POINT FOR THE REGION, THE HON THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
SAID THAT HONG KONG SPEAKING IN THE BUDGET DEBATE, MR CHENG
PART MUST ASSUME THE COMMERCIAL LEADERSHIP ROLE AS IT MOVED TO BECOME
BORDER WITH OF A 100 MILLION POPULATION MARKET THROUGH ITS VANISHING SOUTHERN CHINA.
BUDGETED PLANS TO SPEND 45 PER CENT OF SERVICES, ON SOCIAL
HE SAID THAT HE WAS IN FULL SUPPORT OF THE CONTINUE TO INCREASE TAX CONCESSIONS, AND TO
THIS FISCAL YEAR DURING EXPENDITURE TOTAL EDUCATION AND HOUSING.
WOULD HAVE HOWEVER, HE HAD HOPED THAT THE FINANCIAL SECRETARY
CENT IN ORDER THAT TAKEN THE CORPORATE PROFITS TAX DOWN TO 15 PER
A FAVOURABLE TAX HONG KONG COULD MAINTAIN ITS DISTINCT ADVANTAGE AS
OTHER COUNTRIES HAD
BEEN RECENTLY ENVIRONMENT, ESPECIALLY AS SOME QUITE AGGRESSIVE IN LOWERING THEIR PROFITS TAX.
THE INCREASE ON BY A HIGHER MARGIN. ABOLISHED SO THAT THE
AS FOR PERSONAL TAXATION, MR CHENG SAID THAT PERSONAL ALLOWANCES SHOULD HAVE BEEN INCREASED
BEEN HAVE ALSO THE CLAWBACK FEATURE SHOULD "SANDWICH CLASS" WOULD NOT BE "SANDWICHED".
ON SALES TAX, MR CHENG SAID THAT CONSULTATION FROM SELECTED GROUPS WAS OPEN DEBATE WOULD BE HELD ON THE ISSUE.
HE AGREED THAT "TECHNICAL" NECESSARY AND HOPED THAT
AN
"FROM A PR POINT OF VIEW IT SHOULD BE CALLED TO AVOID THE POSSIBLE CONFUSION OF THE PUBLIC THINKING LEVY AT THE RETAIL LEVEL," HE ADDED.
A
WHOLESALE TAX
AT
ᎥᎢ IS A
STILL ON THE SUBJECT OF TAX, MR CHENG SAID THAT I THAT SOME CONCRETE ACTION WAS BEING TAKEN ON A SEPARA, F WOMEN.
-
WAS PLEASED TAXATION FOR
/HE ALSO