17
THURSDAY, APRIL 26, 1990
KONG
TAX RELIEFS
ON TAXATION, MRS TAM SAID SHE WELCOMED THE FACT THAT HONG HAD MADE A MOVE TOWARDS BROADENING THE TAX BASE AND THAT
THE HELP IN THIS BUDGET WERE DESIGNED TO MIDDLE-INCOME GROUP.
LEAST
WELL-OFF AND
THE
HOWEVER, I
BEEN INTRODUCED WELL ERODE THE
"I HOPE THE TREND IN THIS DIRECTION WILL CONTINUE. BELIEVE THAT THE PARTICULAR INDIRECT TAXES THAT HAVE OR INCREASED THIS TIME, ESPECIALLY ON FUEL OILS, MAY BENEFIT THAT THE 'SANDWICH CLASS' GAIN FROM LOWER SALARIES TAX.
NO
WHOLE ECONOMY "AND THESE INDIRECT TAXES WILL WORK THROUGH THE AND PUT SOME BURDEN EVEN ON THE POOREST MEMBERS OF SOCIETY WHO PAY PERSONAL TAX AT ALL.
— —
I URGE
--
"SO AS NOT TO PENALISE THE POOR AND THE SANDWICH CLASS,
ΤΟ THE FINANCIAL SECRETARY AS I HAVE DONE ON PREVIOUS OCCASIONS
TO LEVY IN THE PROPOSES
FUTURE ENSURE THAT ANY INDIRECT TAXES HE
THOSE BEST ABLE SHALL FALL MOST HEAVILY ON LUXURY GOODS AND THUS ON
11
TO AFFORD THEM, SHE SAID.
BUDGET OFFERS LITTLE HELP IN CURBING INFLATION
SOLUTIONS TO THE BUDGET OFFERS LITTLE BY WAY OF TANGIBLE
THE PLANNING, FINANCIAL HIGH RATE OF INFLATION AND LONG PETER WONG, SAID IN THE LEGISLATIVE COUNCIL TODAY (THURSDAY).
OUR
TERM
HON
BY
SPEAKING IN THE BUDGET DEBATE, MR WONG EMPHASISED THAT ONLY
FUTURE PROSPERITY PLANNING AHEAD WOULD WE BE ABLE TO DEMONSTRATE OUR ON WHICH PEOPLE'S CONFIDENCE WAS BASED.
HE SAID THE LACK OF EFFECTIVE FINANCIAL PLANNING WAS UNRESOLVED QUESTION IN PUBLIC EXPENDITURE GROWTH, SERVICE PENSIONS AND THE FINANCING OF PUBLIC SERVICES.
THE
REFLECTED OF CIVIL
NOTING THAT ARTICLE 107
STATED
OF THE BASIC LAW
THE THAT
SHOULD
WITH THE BE KEPT COMMENSURATE BUDGET OF THE HONG KONG SAR
POINTED OUT THAT GROWTH RATE OF ITS GROSS DOMESTIC PRODUCT, MR WONG
TERM NEITHER THE BUDGET FOR THE CURRENT FINANCIAL YEAR NOR THE MEDIUM FORECAST UP TO 1994 FOLLOWED THIS PRINCIPLE.
HE
ENVIRONMENTAL
PROTECTION AND
SAID EDUCATION, HEALTH, INFRASTRUCTURE ARE ALL VITAL SERVICES THAT NEED SUBSTANTIAL INCREASES IS NOT ACCEPTABLE FOR IN THE ALLOCATED AMOUNT OF RESOURCES, BUT IT
ΤΟ HONG KONG'S INCOME THE GOVERNMENT TO USE AN INCREASING SLICE OF GRANT CIVIL SERVICE WAGE INCREASES OVER AND ABOVE NATURAL INCREMENTS.
/HK REMARKED