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TRANSCRIPT B: HONG KONG SELECT COMMITTEE MEETING
22 MAX 89
CHAIRMAT:
Not all of us were law students in the past and not ali oi
us are lawyers now, so perhaps we could just move to economics and business questions, because obviously, if the Special AutonomJUS Region is to prosper and grow, then it must have independent finances and financial arrangements.
WR. TAYLOR :
Chairman, thank you, and I am glad that you pointed out my
lack of legal kuuwledge at this stage!
Can we look at Chapter 5 of the Basic Law and I would like
two questions.
te qui one
Article 107
Article 106 stipulates that the Hong Kong SAR shall avoid deficits and ensure that the budget is commensurate with the growth rate of its gross domestic product. stipulates that the Hong Kong SAR enacting laws on taxation shall take the low tax policy previously pursued in Hong Kong as a
reference,
Do you think these provisions are consistent with the independent finances promised lu the Joint Declaration?
FORDION SECRETARY.
I have taken this on previous occasions as an example, again, of the fascinating quality of the debate taking place within the Rasto Law Drafting Committee.
the Jebalo un (1 to going on.
I am really summarising
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