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(Reads:
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Number 2.
with regard to
Xhe
The cost-price structure and investment decisions, in that regard, the tax should be impartial as far
as possible.
Number 4.
Indirect and direct taxes should be easy to
administer. They should not give rise to evasion because we cannot afford high management fees in
the case of a tax system whose net is small and
rate low.
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The tax system should be fair for all sorts of people including prospective taxpayers. There should be higher personal allowances.
And for the lower-income group, very little of their disposable income should be paid in tax.
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Sir John Bremridge, in his 1986 Budget, also lists a number of
factors. I'd like only to read Item 4.
(Reads:
Tax Policy.
The Government's liquid cash overall balance has
already achieved a balance of payments, So we
should maintain the real value of the various fees
and fixed amounts taxes and review allowances on a
regular basis."
28 Sir Philip's Point 5, and Sir John's Number 4, point out:
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(Reads)
that the tax burden should not be shifted easilya"!
attracting those with lover went. After all, we have a very narrow tax net, we do
not want to make drastic changes. The taxation
running
system has been well, improvement is in order;
人
but we must first of all, see whether any
drastic changes are necessary.
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