The Hongkong General Chamber Of Commerce Recommends That The Government Reduce Profits Tax.

2011/1/27 17:12:00 50

The General Chamber of Commerce of Hongkong submitted its recommendations to the financial secretary yesterday.

Tax burden

To improve the business environment.

Hongkong General Chamber of Commerce recently this year in Hongkong

Economics

Looking into the survey, 45% of the surveyed enterprises expect Hongkong's economic growth to be between 3% and 5% this year.

In addition, 42% people expected inflation to be 2% to 4%.

On the basis of the findings, the Hongkong General Chamber of Commerce submitted its recommendations to the financial secretary yesterday.

The chamber of Commerce suggested that the government should adopt

Taxation

In order to improve the business environment and the budget announced next month, the tax reform will improve the business environment and enhance competitiveness, including the reduction of profits tax from 16.5% to 15%. It is recommended that the first 500 thousand yuan taxable income of small businesses be paid only 10% of the special tax rate.

The Hongkong General Chamber of commerce also suggested that the government should set up an independent commission to review Hongkong's tax system, such as joining the group's loss relief and relaxing the tax deductible interest of overseas partners.

The chamber of Commerce appealed to the government to make good use of its surplus reserves and to solve environmental pollution.

The General Chamber of Commerce pointed out that at present, the government's fiscal and exchange fund reserves amounted to HK $1 trillion and 100 billion. We should make good use of the existing excess reserves to solve the problem of environmental pollution and improve the living environment, so as to further enhance the attractiveness of Hongkong to excellent enterprises and talents.