TNAG-1727-FCO40-2440-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1988 — Page 59

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

4

5

6

7

8

9

10

11

12

·

13

Ludicrous is the imperial academy scholar Cproducing paintings of the good off the

pattern year after year

to describe the Annual Budget.

same

To say that the good is painted after the same pattern means that the same basic pattern is used, only certain parts are modified. This is exactly what is happening with the Budget. Every year, individual heads see increases or deductions, and

is whole its rather

conservative and there's nothing

Every year, the same old pattern is adopted; adjustment is made to a couple of items just like modifying the good - and the routine annual exercise is completed.

on the

innovative.

ཝཱ

14

15

In the

two past

years, I suggested that the overall

tax

16

structure

and strategy should

17

18

19

10

Normally,

policies are reviewed every ten years. It was last done in 1975. There are nine more years to go before the change of

it is appropriate that we sovereignty, and

conduct such a

be reviewedk

comprehensively

tax

20

review now.

21

-

C 23

24

25

from

per cent;

22 If all that is done in the Budget is to reduce profits fax and Standard fax by 11 to increase Personal Allowance by a couple of thousand dollars; and to reduce Air passenger peparture/fax $120 to $100; then it nothing but the work of a bookkeeper. The Budget is no way a policy paper of

Families are efficient Government. The

The Femary ie the basic components of the community. The way family/income is assessed now, is out of pace

tep with our society. Since family+planning is popular, most

26

JP 27

28

29 -

£30

31

32

33

34

35

w w w w w

i

t

an

families only have two children. In taxfassessment, allowance is still given to the third†‚and, up to the ninth

the ninth child. The policy ave not benefit most families. Most framifies

Les do not benefit?

Last year, I

Last

total of $12,000

suggested that the aggregate total of

should be apportioned between the first two children, so that·

method

36 there will be an additional 6,000 for each, then all families

from this, a

is simple bed and the cost will benefity This is si

and the cost to revenue is

Comments

Approved members can add comments, bookmarks, and private notes.

No comments yet.

Private Research Note

Private notes are available after approval.