XN000022-1987-09-02 — Page 5

WEDNESDAY, SEPTEMBER 2, 1987

THE

BILL TO PROVIDE TAXATION RELIEF TO BE PUBLISHED

FINANCIAL

SECRETARY,

MR PIERS (WEDNESDAY) THAT THE NEW BILL ON TIME

TODAY

SAID JACOBS, APPORTIONMENT TO BE GAZETTED THIS FRIDAY "HAD SUFFICIENTLY MET THE SPIRIT OF WHAT HE HAD IN MIND.'

BOARD OF IN PROPOSAL SPEECH LAST

SPEAKING AT A LUNCHEON MEETING OF THE INLAND REVENUE

THAT HE HAD PUT FORWARD A REVIEW, MR JACOBS NOTED

THE BUDGET RELATION TO TIME APPORTIONMENT WHEN HE MADE FEBRUARY.

GO AS FAR AS MY DONE DOES

"I HAVE TO SAY THAT THE AMENDMENT DOES NOT ORIGINAL PROPOSAL. NEVERTHELESS, I THINK THAT WHAT WE HAVE SUFFICIENTLY MEET THE SPIRIT OF WHAT I HAD IN MIND," HE SAID.

HE

THE FINANCIAL SECRETARY RECALLED THAT IN THE BUDGET SPEECH,

CLARIFICATION INDICATED THAT THERE WAS A NEED FOR SOME TIDYING UP OR

TAKEN UP A IN RELATION TO TIME APPORTIONMENT CASES. THESE CASES HAD

BOARD OF GREAT DEAL OF ADMINISTRATIVE TIME, AND NO DOUBT TIME OF THE REVIEW.

MADE HIS BUDGET SPEECH, TAX CASE (KNOWN AS

MR JACOBS POINTED OUT THAT AFTER HE AN IMPORTANT HIGH COURT DECISION ON A SALARIES THE GOEPFERT CASE) CONCERNING TIME APPORTIONMENT WAS MADE.

COUPLED WITH THE INLAND REVENUE POSITION IN TIME ORIGINAL

"WE FELT AND STILL FEEL THAT THAT DECISION, ADMINISTRATIVE GUIDELINES THAT

COMMISSIONER OF WILL ISSUE SHORTLY, HAS SUFFICIENTLY CLARIFIED THE

THAT APPORTIONMENT CASES, AND PROPOSAL MIGHT WELL NOT BE NEEDED.

THE

IN

THOSE

AMENDMENT

CIRCUMSTANCES

BE THAT WILL

MY

PUBLISHED

ON WHICH

"FURTHERMORE, THE NEW FRIDAY WILL GIVE THAT MEASURE OF RELIEF AGAINST DOUBLE TAXATION I PROMISED,' HE ADDED.

I

OF

OF THE

REVIEW, PRIVATE

COMMENTING ON THE WORK OF THE INLAND REVENUE BOARD MR JACOBS SAID THAT THE CONTRIBUTION MADE BY MEMBERS SECTOR WAS ESSENTIAL TO ITS SUCCESS.

APPEAL OF THE

AND

A

GOOD OF OUR

IMPARTIALITY AND IT ENABLES "IT ENSURES THE BOARD'S

OFTEN

TO COMPLEX,

BE HEARD BY MEMBERS CASES, WHICH ARE

WHO HAVE A FAIR AND OPEN MIND, BUSINESS COMMUNITY

AN UNDERSTANDING KNOWLEDGE OF HONG KONG TAX LAW, AS WELL AS SOCIETY, HE CONTINUED.

11

THE FINANCIAL SECRETARY ALSO NOTED THAT HE WAS AWARE WAS CONCERNED NUMBER OF TAX APPEALS MIGHT INCREASE AND HE BOARD WOULD BE FULLY STRETCHED.

THAT THE

THAT

THE

/LAST YEAR