THURSDAY, MAY 2, 1991
MR TSAO NOTED THAT
STEADILY DUB ΤΟ
TENANCIES WAS OWNERS, FRESH
THE NUMBER
CONTROLLED OF REPOSSESSION BY THE LETTINGS AT MARKET RENTS, DEMOLITION FOR REDEVELOPMENT AND SO ON.
DIMINISHING
REVIEW OF LANDLORD HE RECALLED THAT IN 1981 THE COMMITTEE OF
THINGS, AND TENANT (CONSOLIDATION) ORDINANCE RECOMMENDED, AMONG OTHER
THE PHASING OUT THAT RENTS SHOULD BE DECONTROLLED BUT OBSERVED THAT
THAT SOCIAL DISRUPTION OF CONTROLS SHOULD BE SUBJECT TO THE PROVISO
AND THE INTENTION AND THIS REMAINED THE AND HARDSHIP BE AVOIDED POLICY OF THE GOVERNMENT.
OF CLOSING
BETWEEN
GAP THE HOWEVER THIS DECLARED OBJECTIVE CONTROLLED AND MARKET RENTS CONTINUED TO BE FRUSTRATED LARGELY DUE TO THE ONGOING AND RELATIVELY RAPID RISE IN MARKET RENTS IN RECENT YEARS, HE SAID.
RENT IN THE
AS AT JANUARY 1 THIS YEAR THE AVERAGE CONTROLLED CONTEXT OF PART II PREMISES WAS ABOUT 62 PER CENT OF THE MARKET LEVEL.
WHERE I PREMISES
THE CURRENT PART WITH THIS COMPARES PERMITTED RENT IS SOME 65 PER CENT OF THE PREVAILING MARKET RENT.
AVERAGE
TAX AUDIT ENCOURAGES GREATER COMPLIANCE
THE MAIN GOAL OF INTRODUCING TAX AUDIT IS TO ENCOURAGE COMPLIANCE, THE COMMISSIONER OF INLAND REVENUE, MR ANTHONY SAID TODAY (THURSDAY).
DISCUSSED
GREATER AU-YEUNG,
KONG
MR AU-YEUNG WAS ADDRESSING A LUNCHEON MEETING OF THE HONG
IN DETAILS ISSUES IN WHICH HE SOCIETY OF ACCOUNTANTS ASSOCIATED WITH TAX AUDIT.
FOR THE USED ELSEWHERE
HE SAID THAT ALTHOUGH TAX AUDIT WAS A NEW INITIATIVE TAX ADMINISTRATION IN HONG KONG, IT HAD BEEN WIDELY WITH GOOD RESULTS.
NOW THE OUT THAT UP UNTIL MR AU-YEUNG POINTED ASSESSING APPROACH OF CHECKING THE ACCURACY OF TAX RETURNS THE STANDARD METHOD OF DETERMINING THE REVENUE COLLECTED.
"THIS
TRADITIONAL HAD BEEN
QUALITY
A
CONTROL ESSENTIALLY IS WHICH APPROACH
TAXPAYERS, HAS EXAMINATION OF THE FINANCIAL INFORMATION PROVIDED BY
COMPLIANCE WITH PROVED NOT TO BE THE MOST EFFECTIVE WAY OF ENSURING
AND EXPERIENCE, OVERSEAS
STUDIES THE LAW, HE SAID, ADDING THAT
CONFIRMED THAT CARRIED OUT BY THE INLAND REVENUE DEPARTMENT (IRD), THERE WERE DISCLOSURE PROBLEMS.
"
MUCH WITH
THE COMMISSIONER SAID THE IRD WAS CONCERNED NOT SO WHAT WAS REPORTED IN THE RETURNS, IT WAS MORE WORRIED ABOUT WHAT BEEN OMITTED, OVERCLAIMED OR INCORRECTLY CLASSIFIED.
HAD
/THE GOVERNMENT