XN000022-1990-12-12 — Page 9

TAX CONCESSION LEVEL ON CHARITABLE DONATIONS REASONABLE

ASSESSABLE INCOME, THAT CAN BE DEDUCTED FINANCIAL SECRETARY, THE TODAY COUNCIL

THE PRESENT LIMIT, WHICH IS 10 PER CENT OF ON THE MAXIMUM AMOUNT OF CHARITABLE DONATIONS FROM ASSESSABLE INCOME, IS REASONABLE, THE

SAID IN THE LEGISLATIVE HON

PIERS SIR (WEDNESDAY).

JACOBS,

SIR PIERS SAID: KEEP THE NUMBER AND EXCEPTIONS ΤΟ

REPLYING TO A QUESTION BY THE HON PETER WONG, "WITHIN THE CONTEXT OF A LOW TAX SYSTEM, WE NEED TO AND INDEED THE COST OF CONCESSIONS AND EXCESSIONS THE MINIMUM.

DIVIDENDS,

"IT SHOULD ALSO BE BORNE IN MIND THAT IN HONG KONG, INTEREST AND OFFSHORE INCOME, OUT OF WHICH DONATIONS MAY WELL BE MADE, ARE NOT CHARGEABLE TO TAX AT ALL."

IN THE DID

NOT

CHARITABLE INCREASED RECEIPTS REDUCTION IN THE

SIR PIERS POINTED OUT THAT NOT ALL BODIES RECEIVING

SUBVENTED

AND SECTOR, DONATIONS WERE

ALWAYS RESULT IN THROUGH DONATIONS SUBVENTION.

"AN INCREASE IN DONATIONS,

A

THEREFORE, WOULD NOT NECESSARILY

HE STRESSED.

GUARANTEE A DROP IN THE GOVERNMENT'S CONTRIBUTION,

TI

-

0

LOAN SHARKING ACTIVITIES ON A DECLINE

* * * *

THERE IS NO INDICATION THAT LOAN

SHARKING ACTIVITIES IN NEW THAN IN THE URBAN STRACHAN, SAID

TOWNS ARE HIGHER OR INCREASING AT A GREATER RATE AREAS, THE ACTING SECRETARY FOR SECURITY, THE HON IAN IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

IN

HON ROSANNA TAM, MR STRACHAN REPLYING TO A QUESTION BY THE SAID POLICE STATISTICS INDICATED THAT REPORTED LOAN SHARKING CASES NEW TOWNS ACCOUNTED FOR 22 PER CENT OF THE TOTAL NUMBER OF SUCH IN THE TERRITORY LAST YEAR AND 18 PER CENT SO FAR THIS YEAR.

"INDEED, THERE HAS BEEN A

DECLINE STEADY

CASES

IN THE NUMBER OF TERRITORY OVER THE PAST THREE

REPORTED LOAN SHARKING CASES IN THE YEARS, HE ADDED.

14

MR STRACHAN ALSO TOOK THE

THAT LOAN SHARKS WERE UNSCRUPULOUS AND RUTHLESS.

OPPORTUNITY TO REMIND THE PUBLIC

"ONCE IN THEIR CLUTCHES, A DEBTOR RARELY RECOVERS.

SHARKS BUT ALSO TO REPORT THEIR CRACK DOWN ON SUCH CRIME SYNDICATES,

"THE PUBLIC IS THEREFORE URGED NOT ONLY TO STAY AWAY FROM

THE ACTIVITIES TO

LOAN

POLICE

TO

HELP

++ HE ADDED.

0

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