|
Under
the principle of maintaining a low and simple taxation regime
and preserving Hong Kong's competitiveness,
| (a) |
to
consider what types of broad-based taxes (including
consumption-related taxes) may be suitable for introduction
in Hong Kong, taking into account the following considerations:
- revenue
productivity on a recurrent basis
- revenue
productivity less sensitive to economic cycles
- the
burden on the economy
- the
impact of the development of electronic commerce
- cost-effective
to administer
- simple
to comply with
- equitable
|
| (b) |
in
the light of the findings at (a) above, to advise on the
implementation of the identified specific broad-based
taxes
|
| (c) |
to
solicit views from the Legislative Council, the community
at large and interested parties
|
| (d) |
to
submit to the Financial Secretary a progress report by
November 2000 and the final report by the end of 2001. |
|
