NOTE TO EDITORS:
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THURSDAY, MAY 1, 1980
FINANCIAL SECRETARY TO VISIT CHINA
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THE FINANCIAL SECRETARY, SIR PHILIP HADDON-CAVE, WILL LEAVE FOR CHINA ON SUNDAY (MAY 4) AT THE INVITATION OF THE DEPARTMENTAL DIRECTOR OF CHINA'S MINISTRY OF FOREIGN TRADE, MR XI YESHENG.
SIR PHILIP WILL BE ACCOMPANIED BY LADY HADDON-CAVE AND THE POLITICAL ADVISER, DR DAVID WILSON, AND WILL RETURN ON MAY 11.
THEY WILL LEAVE BY HOVERFERRY AT 9.45 AM. A PHOTOGRAPHIC FACILITY WILL BE PROVIDED TO MEMBERS OF THE PRESS COVERING SIR PHILIP'S DEPARTURE AT THE TAI KOK TSUI FERRY PIER, MONG KOK. GIS OFFICERS WILL BE ON HAND TO ASSIST.
+PAY AS YOU EARN+ NOT FOR HONG KONG
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THE COMMISSIONER OF INLAND REVENUE, MR V.A. LADD, TODAY (THURSDAY) LISTED GOVERNMENT'S OBJECTIONS TO IMPLEMENTING THE *PAY AS YOU EARN+ (PAYE) SYSTEM IN COLLECTING TAX.
SPEAKING AT A ROTARY CLUB OF HONG KONG SOUTH LUNCHEON MEETING, MR LADD SAID THERE HAD BEEN SUGGESTIONS THAT THE INLAND REVENUE DEPARTMENT COLLECTION METHODS COULD BE MORE EFFICIENT LEAST, LESS PAINFUL FOR THE TAXPAYING PUBLIC.
OR AT
+SPEC IF ICALLY, IT IS SUGGESTED THAT HONG KONG SHOULD ADOPT A +PAY AS YOU EARN+ SYSTEM, THUS RELIEVING THE INDIVIDUAL OF THE RESPONSIBILITY OF MAKING PROVISION FOR HIS ANNUAL TAX BILL OR RATHER, TAX BILLS,+ HE SAID.
THE
GIVEN THE RIGHT SOCIAL, ECONOMIC AND FISCAL ENVIRONMENT, PAYE SYSTEM COULD CERTAINLY CONTAIN ADVANTAGES, MR LADD ADMITTED.
/BUT,
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