38
WEDNESDAY, OCTOBER 14, 1987
THE BILL WOULD THEREFORE COMPLETE THE PROCESS OF MOVING THE TITLE OF "UNOFFICIAL" TO THE HISTORY BOOKS.
"THIS IS A STEP WHICH I KNOW MEMBERS WILL WELCOME SINCE THE NEW FORM EMPHASISES THAT WE ARE ALL, WHETHER OFFICIALS OR OTHERWISE, MEMBERS TOGETHER OF THE SAME COUNCIL, MR FORD ADDED.
DEBATE ON THE BILL WAS ADJOURNED.
TAX RELIEF MEASURES PROPOSED
THE INLAND
REVENUE (AMENDMENT) (NO.2) BILL 1987 SEEKS
ANY INCOME THAT A EXCLUDE FROM LIABILITY TO HONG KONG SALARIES TAX PERSON
FROM SERVICES DERIVES
RENDERED OUTSIDE HONG
THE
THE HON FINANCIAL SECRETARY,
PIERS JACOBS,
THE TOLD COUNCIL TODAY (WEDNESDAY).
ΤΟ
KONG,
LEGISLATIVE
WAS APPLICABLE "ONLY
IF
THE
THE
BILL MOVING THE SECOND READING OF THE BILL, MR JACOBS SAID THE
IS INCOME
LIABLE TO A TAX SIMILAR
WHERE TERRITORY
HE RENDERED TO HONG KONG SALARIES TAX IN
THE BEEN PAID THERE IN SERVICES AND IT CAN BE ESTABLISHED THAT TAX HAS RESPECT OF THAT INCOME.
*
FAR AS HIS
OF
HE EXPLAINED THAT THE BILL DID NOT GO AS
1987-88 ORDINANCE BUDGET SPEECH, IN WHICH HE PROPOSED THAT THE INLAND REVENUE BE AMENDED
FOR THE AUTOMATIC GRANTING
TIMB ASSESSMENT, AN EMPLOYER RENDERED APPORTIONMENT WHERE, IN A YEAR OF SERVICES OUTSIDE HONG KONG FOR PERIOD MORE THAN 60 DAYS IN TOTAL.
PROVIDE то
INTRODUCING
THE TIME MR JACOBS SAID HE HAD THREE REASONS FOR
SALARIES TAX APPORTIONMENT AMENDMENT. FIRSTLY, HE SAID ASSESSMENT TO
HONG KONG OF EMPLOYEES WHO RENDERED SERVICES BOTH WITHIN AND OUTSIDE
ARRA OF DISPUTE HAD BECOME A GROWING
BETWEEN THE INLAND REVENUE LAW NEEDED ΤΟ BE DEPARTMENT AND TAXPAYERS. THIS UNCERTAINTY IN THE ADDRESSED, HE ADDED.
RELIEF IN DOUBLE
REVIEW
OF DOUBLE TAXATION
SOME WILL TAKE
TIME TO
"SECONDLY, I WANTED TO PROVIDE A MEASURE OF
THAT AN OVERALL OF INLAND
TAXATION CASES, GIVEN BY THE COMMISSIONER COMPLETE," MR JACOBS SAID.
REVENUE,
AND LASTLY, HE SAID HE WANTED TO LIMIT THE COST TO THE OF HIS PROPOSAL TO BETWEEN 25 AND 35 MILLION DOLLARS.
REVENUE
/HE SAID
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