[AJZ]

This just in...

I propose to exempt the duties on wine, beer and all other alcoholic beverages except spirits with immediate effect, and remove the related administrative controls upon amendment of the relevant legislation, so as to facilitate the import, export and storage of these alcoholic beverages.

[kombuchakid]

Considering that all places around us have duty, I guess we can add another 'hub' to our resume.


'exempt the duties on wine, beer and all other alcoholic beverages except spirits'

So what else is there besides wine beer and all alcoholic beverages?

[AJZ]

But will it be passed on...?

[AJZ]

About tax...

On salaries tax and tax under personal assessment, in his Policy Address the Chief Executive announced the lowering of the standard rate of salaries tax in 2008-09 by one percentage point to 15 per cent.

I now propose a one-off tax reduction of 75 per cent of salaries tax and tax under personal assessment for 2007-08, subject to a ceiling of $25,000. The reduction will be reflected in the taxpayer's final tax payable for 2007-08.

In addition to the one-off tax reduction, I propose to raise the basic allowance and the single parent allowance from $100,000 to $108,000. I also propose to increase the married person's allowance from $200,000 to $216,000.

[Sleuth]

Originally Posted by AJZ

But will it be passed on...?

Sure it will be. Just like the last cut on this stuff.

[shri]

No cash handouts yet?

[Sleuth]

Originally Posted by shri

No cash handouts yet?

Oh, there are plenty of "cash handouts", but they usually don't announce them in news conferences.

[AJZ]

Originally Posted by shri

No cash handouts yet?

One off for CSSA and old-age allowance recipients.

[shri]

Handouts (other than the ones given to property developers, which are too numerous to list).

To allocate $4.3 billion to inject into each domestic electricity account a subsidy of $1,800.

To earmark $8.5 billion to provide people earning not more than $10,000 a month with a one-off injection of $6,000 into their MPF accounts.

[AJZ]

Originally Posted by Sleuth

Sure it will be. Just like the last cut on this stuff.

Amazing how long the 'old' pre-tax-cut stock seems to last.