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3Novices:Hong Kong set to forgo HK$5 billion in tax revenues after reform to ease burden on SMEs: finance chief

The Hong Kong government is set to announce a tax reform which would see its administration forgo about HK$5 billion in revenue and ease the burden on small and medium-sized enterprises, according to the city’s finance chief.
Speaking after an appearance on a radio programme on Monday, Financial Secretary Paul Chan Mo-po was referring to a two-tier profit tax system.
The move was earlier promised by Chief Executive Carrie Lam Cheng Yuet-ngor in her election manifesto, proposing to lower…
August 14, 2017 at 10:52AM http://ift.tt/2vwxc9y
#3Novices #News #OnlineMedia #China 3Novices China

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