XN000022-1988-04-20 — Page 14

13

WEDNESDAY, APRIL 20,

1988

INDIRECT LOW TAX AND

HAVE A NEW HE SAID IT WAS EASIER SAID THAN DONE TO TAX WHICH WOULD PRODUCE A STABLE AND WORTHWHILE REVENUE AT A RATE AND WHICH WOULD CAUSE ONLY MINIMAL DISTORTION TO THE ECONOMY WOULD BE SIMPLE AND CHEAP TO ADMINISTER.

CONSIDER IT AS A

CONTINGENT WHILE WR

"THOUGH I AGREE THAT WE SHOULD SCHEME, I WOULD ASK FOR EXTREME CAUTION IN ITS INTRODUCTION HAVE SUBSTANTIAL SURPLUSES, HE ADDED.

GOVT SHOULD ACCEPT SEPARATE TAXATION PRINCIPLE

THE ACCEPT

SEPARATE THE

PRINCIPLE OF THE

SHOULD GOVERNMENT TAXATION FOR MARRIED WOMEN AND LEAVE DETAILS TO BE WORKED OUT, DR HON KIM CHAM SAID IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

SPEAKING DURING THE BUDGET DEBATE, DR CHAM EQUITY SEPARATE TAXATION WAS AN IMPORTANT PRINCIPLE INTRODUCED INTO THE TAX REGIME.

THERE HAND,

WOULD

SAID IN TERMS OF WHICH SHOULD BE

OF QUESTIONS INDISPENSABLE PART OF

BE IMPORTANT ON THE OTHER PRINCIPLE TO BE LAID DOWN WHICH WOULD FORM AN THE BASIS OF SEPARATE TAXATION, HE NOTED.

AND

OFFERED ΤΟ ASSIST AND ANALYSING THE DIFFICULTIES

DR CHAM SAID THE OMELCO TAXATION PANEL HAD THE ADMINISTRATION IN ASSESSING TECHNICAL PROBLEMS ASSOCIATED WITH SEPARATE TAXATION,

MATTERS

OF ON THR

BE

IMPORTANCE WHICH MUST

ADDRESSED INCLUDED EMERGING ALLOWANCES, OF RELATED QUESTIONS

TREATMENT

CHANGES ΤΟ BE INTRODUCED IN ANTI-AVOIDANCE DEVICES, THE NECESSARY

ON TAX LEGISLATION A9 TERMS OF COMPUTER PROGRAMMING AND THE IMPACT WELL AS TRANSFERABILITY OF ALLOWANCES, HE POINTED OUT.

TIME TO NEVERTHELESS,

"WITH THESE COMPLICATIONS, I THINK THAT WE SHALL NEED

T+ HE SAID, ADDING THAT TECHNICALITIES,' WORK OUT ALL THOSE DIFFICULTIES WERE NOT INSURMOUNTABLE.

ADDITION,

DR

CHAM

URGED

THE

IN

GOVERNMENT CONSIDER THE INTRODUCTION OF A SINGLE PARENT ALLOWANCE.

TO

SERIOUSLY

HE SAID IN SOCIETY TODAY, THE RAISING OF CHILDREN BY PARENT WAS ADMIRABLE, DESPITE THE STRAINS AND STRESSES THE PARENT TO FACE.

A SINGLE

HAD

/"AS THESE