TNAG-1361-FCO40-1807-Hong-Kong-Hansard-reports-and-minutes-of-the-meetings-of-the-1985 — Page 253

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There are a few other amendments which are purely

technical in nature, and the title of the Bill itself is being

changed to recognise that our deliberations have taken us over

the year end into 1985.

Although the arrangements as now agreed will not please everybody, it is necessary to recognize that the Commissioner has the power to insist on the payment of tax without any holdover. In the absence of the provisions of this Bill the only alternative would be for the Commissioner to adopt a far tougher attitude towards the holdover system. The compromise now agreed seems to strike a fair balance, and for this reason, Sir, I support the motion.