TNAG-1165-FCO40-1445-Visits-by-officials-from-China-to-Hong-Kong-1982 — Page 88

FDW G 126

LI 698

34/11

KONG

PP HONG KONG

X 17217

M. Midd

Mr.

1416

GR 190

RESTRICTED

FM PEKING 110654Z JUN 82

TO PRIORITY HONG KONG

চ

MKK 026/11

TELNO 58 OF 11 JUNE.

FOR POLITICAL ADVISER FROM CLARK

No che

14/6

CHINESE TAX DELEGATION VISIT

1. RS ZHANG YIMING, DIRECTOR OF THE FOREIGN TAXATION POLICY

OFFICE OF THE MINISTRY OF FINANCE TOLD ME TODAY THAT DURING HER

VISIT TO HONG KONG NEXT WEEK SHE WILL PROPOSE THAT THE MINISTRY OF FINANCE SHOULD SEND A DELEGATION IN SEPTEMBER OR OCTOBER TO HONG KONG TO EXAMINE HONG KONG'S TAX REGIME AND TO TALK ABOUT

TAXATION PROBLEMS WITH OLD FRIENDS. THE MAIN OBJECTIVE OF THE

DELEGATION WILL BE TO EXAMINE HONG KONG'S ADMINISTRATION OF TAXATION, BOTH IN GENERAL AND IN RELATION TO FOREIGN ENTERPRISES OPERATING IN HONG KONG.

2. MRS ZHANG SAID THAT THE HONG KONG TAXATION COMMISSIONER HAD

INVITED HER TO DINNER ON MONDAY OR TUESDAY OF NEXT WEEK, AND SHE

WISHED TO GIVE ADVANCE WARNING OF HER PROPOSAL.

3. SHE WILL ALSO BE TALKING TO THE HONG KONG AND SHANGHAI BANK

ABOUT THE SUBMISSION WHICH THE BANK MADE SOME TIME AGO ON

WITHHOLDING TAX ON INCO'E FROM INTEREST ON BANK LOANS.

CRADOCK

NNNN

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