78
fiscal system, which is that no special incentives or
holidays should be offered to particular industries
which are not available to taxpayers in general. It is
difficult, in our view, to see any justification for the
proposal whatsoever.
10.9.
Given the importance of the Shipping
Register both in its own right and because it affects
Hong Kong's international relations and obligations up
to and beyond 1997
consideration to the need for a change in Hong Kong's
taxation laws. We see no such need.
-
we have given very serious
Charges
10.10.
On the basis that the taxation situation would
remain unchanged, it remains to be determined exactly
how the costs of the new register should be met. We
said in the CD that the full cost of the operation of operation of
the register should be met by users. This is present practice with income arising largely from survey fees on
a cost recovery basis.
10.11. In some ways the present system is
unsatisfactory, for generation of sufficient revenue is
No comments yet.
Private notes are available after approval.