TNAG-1361-FCO40-1807-Hong-Kong-Hansard-reports-and-minutes-of-the-meetings-of-the-1985 — Page 205

Implementation

SECRET 高度機密

for My proposals

134.

licence fees

dutiable

the subject of were

this Excellency

and commodities

transport

Revenue Protection Orders

morning.

My proposals

for

signed by Your increases in business registration fees, betting duty and air passenger departure tax will be the subject of resolutions to be moved in this Council on 28 March and, subject to approval, will take effect from 1 April. My other revenue proposals will be

to the Governor in put

Council for the necessary

authorizations. In due course a Bill will be introduced into this Council to give effect to my proposals for concessions personal taxes.

on

Outcome

135.

These proposals are designed to yield about $1.2 billion in net additional revenue for 1985-86 (68). The estimate of total revenue for the General Revenue Account thus

(68)

Budget proposals

Betting duty

Air passenger departure tax

Business registration fee

Utility and general fees and charges

Dutiable commodities

-

hydrocarbon oils

intoxicating liquor

- tobacco

- cosmetics

non-alcoholic drinks

Less cost of tax concessions

Net yield

Additional revenue

($m)

120

90

55

415

110

140

110

100

210

1,350

150

1,200

G.F. 316

SECRET 高度機密