久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

Budget gives welcome break to 'middle class'

Updated: 2017-02-23 08:56

By Ho Lok-sang(HK Edition)

  Print Mail Large Medium  Small 分享按鈕 0

Ho Lok-sang analyzes the good and bad aspects of the 2017-18 Budget; he is impressed by relief measures for working people and stronger spending

The 2017-18 Budget is not much different from past ones. Recurrent expenditures are rising, however, in line with recent budgets and supporting the latest Policy Address; this is a departure from budgets released before Chief Executive Leung Chun-ying took office.

The willingness to boost spending - particularly on welfare, housing and healthcare and to a lesser extent for supporting innovation, small- and medium-sized enterprises (SMEs) and various economic sectors - has been a hallmark of the current government.

There are a number of things that I like about this budget but there are also some disappointments. First, let me go into what I like the most.

I particularly like the widening of tax bands and extending the number of years for which home mortgage interest payments can qualify for deduction from taxable income, which gives "middle class" salaried people a big relief.

Budget gives welcome break to 'middle class'

I put "middle class" in quotation marks because I am referring to all those who are paying the salary tax who have not yet reached income levels that would qualify them for the "standard tax rate". This might not be the same as a sociologist's definition.

In Hong Kong, in any typical year less than half the working population pay tax; most of those who do pay only pay very little tax. This is because Hong Kong's income distribution is highly skewed.

Those people who find salaries tax a burden will generally not qualify for benefits such as public housing or Home Ownership Scheme housing. Yet their incomes are not high enough to free them from financial pressures. For those who are paying market rents, and even struggling to meet their mortgage payments, any tax relief will help.

The budget speech did not repeat what was announced earlier about relaxing the rules for collecting the Low-income Working Family Allowance (LIFA). The government abolished the absence rule under the LIFA Scheme as of Dec 6 last year; this boosts recurrent expenditure.

But abolishing this is justified, as otherwise needy people visiting relatives on the mainland may be compelled to cut short their stays. To me, helping the working poor is really justified, and helping poor people maintain strong family relations should always be a priority.

I also greatly welcome the strong support given to SMEs - especially in enhancing their technological capabilities.

Financial Secretary Paul Chan Mo-po indicated that more than 900 SMEs had registered for the Technology Voucher Program. This will provide up to HK$200,000 per firm for technological upgrades.

The Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund) has been extended for five years, and the SME Financing Guarantee Scheme has also been extended for one year. The cap on the contingent liability of the Export Credit Insurance Corporation under contracts of insurance has been raised from HK$40 billion to HK$55 billion.

Hong Kong needs to continuously upgrade its infrastructure. Therefore, the government is spending HK$107.2 billion for 2017-18 on capital works and other areas.

Chan said: "The government will continue to allocate substantial resources to implement public works projects that are closely related to people's livelihoods." These capital works will ultimately benefit Hong Kong's long-term competitiveness.

Now let me discuss some disappointments in the Budget.

First, I think Hong Kong really should cut its profits tax. A survey of senior business executives by KPMG late last year indicated that, while more than 90 percent of respondents believed Hong Kong's tax system was competitive, 45 percent were concerned about its future competitiveness.

The fact is that around the world the profits tax rate is falling; the 16.5-percent rate is becoming less and less impressive. In recent years corporate profit tax rates have declined almost everywhere. A European Commission study published late last year says: "Statutory and effective tax rates on corporate capital have tended to fall in recent years, presumably reflecting growing international tax competition."

The government has increased spending to help the elderly and handicapped people but I am disappointed more has not been done. I saw very little effort to boost the number of government-funded home (residential) care places.

This is important. Tragedies have occurred in these places recently. For example, an elderly man killed his senile spouse and then killed himself. An elderly parent also killed his handicapped child. These tragedies should not be allowed to happen in an affluent society like Hong Kong. Therefore, not doing more to address such issues in the Budget is to me a major disappointment.

I would also prefer to see more effort to improve our public healthcare system rather than boosting the private hospital sector. Our public healthcare system should be able to take care of the healthcare needs of all Hong Kong people. It does not have to be luxurious, but it has to be dependable. Those who can afford it can have the luxury care they desire by opting for private healthcare. But no one should be forced to seek private healthcare out of desperation.

(HK Edition 02/23/2017 page4)

久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    亚洲不卡av一区二区三区| 开心九九激情九九欧美日韩精美视频电影 | 欧美日韩中文国产| 日韩精品久久久久久| 欧美xxxxx裸体时装秀| 国产成人一区在线| 亚洲三级在线播放| 欧美日本国产视频| 国产一区二区视频在线播放| 国产精品国产成人国产三级| 欧美午夜精品理论片a级按摩| 蓝色福利精品导航| 中文字幕国产一区| 欧美亚州韩日在线看免费版国语版| 视频一区视频二区中文| 欧美精品一区二区三区蜜臀| 99re热这里只有精品视频| 日韩精品久久理论片| 久久精品男人天堂av| 91激情五月电影| 久久成人麻豆午夜电影| 中文字幕av一区二区三区免费看| 欧亚一区二区三区| 激情亚洲综合在线| 一区二区三区在线观看视频| 欧美成人激情免费网| 99久久久精品| 日韩高清在线不卡| 国产亲近乱来精品视频| 色八戒一区二区三区| 激情综合一区二区三区| 亚洲视频精选在线| 精品国内片67194| 99国产精品国产精品毛片| 秋霞电影一区二区| 成人免费视频在线观看| 欧美一级电影网站| 91亚洲精品久久久蜜桃| 捆绑调教一区二区三区| 一区二区三区视频在线看| 2024国产精品视频| 欧美性做爰猛烈叫床潮| 国产99久久精品| 日韩电影网1区2区| 亚洲日本乱码在线观看| 精品噜噜噜噜久久久久久久久试看 | 91色综合久久久久婷婷| 久久99久久99小草精品免视看| 亚洲欧美另类小说| 久久精品亚洲精品国产欧美| 欧美日韩国产片| 91丨九色丨黑人外教| 国产一区二区三区免费| 天涯成人国产亚洲精品一区av| 国产精品全国免费观看高清| 日韩欧美国产三级电影视频| 欧美亚洲图片小说| 成人av电影免费在线播放| 另类小说色综合网站| 亚洲一区二区三区影院| 国产精品国产三级国产a| 欧美videos大乳护士334| 欧美日韩一区不卡| 99re热视频这里只精品| 国产成人a级片| 久久99国产乱子伦精品免费| 日精品一区二区| 夜夜夜精品看看| 自拍偷自拍亚洲精品播放| 国产人久久人人人人爽| 亚洲精品一区二区三区精华液| 欧美日本不卡视频| 欧美亚洲自拍偷拍| 一本高清dvd不卡在线观看| 成人午夜精品在线| 国产麻豆日韩欧美久久| 久久99久久99| 美腿丝袜一区二区三区| 日韩激情av在线| 亚洲午夜电影在线观看| 亚洲另类春色校园小说| 国产精品久久久久婷婷| 国产女人18毛片水真多成人如厕 | 欧美丝袜丝nylons| 色94色欧美sute亚洲13| av高清久久久| 97se狠狠狠综合亚洲狠狠| eeuss鲁片一区二区三区在线看| 国产99久久久国产精品潘金| 国产不卡免费视频| 国产精品一区二区久激情瑜伽 | 不卡在线观看av| 成人免费视频网站在线观看| 国产91精品露脸国语对白| 激情综合网最新| 激情综合色播激情啊| 精品中文字幕一区二区| 精品在线播放免费| 激情国产一区二区| 国产麻豆91精品| 国产精品一二三区在线| 国产一区在线观看麻豆| 国产在线精品免费av| 国产精品综合网| 高清shemale亚洲人妖| 成人性生交大片免费看在线播放| 成人午夜激情片| www.成人网.com| 色悠悠久久综合| 日本高清不卡在线观看| 久久精品国产免费看久久精品| 蜜桃一区二区三区在线观看| 日本 国产 欧美色综合| 午夜伦理一区二区| 欧美a级理论片| 亚洲国产人成综合网站| 午夜精品福利视频网站| 日本不卡视频在线观看| 久久精品国产成人一区二区三区 | 在线日韩一区二区| 欧美顶级少妇做爰| 欧美xxxxx牲另类人与| 久久久久久久久久美女| 国产精品美女久久久久久久久久久 | 91老师国产黑色丝袜在线| 91福利视频久久久久| 欧美日韩国产一级片| 日韩精品一区二区在线观看| 久久久久久久久久久久久夜| 亚洲欧洲性图库| 亚洲成人资源网| 久久精品国产99国产| 国产成人夜色高潮福利影视| 97国产一区二区| 91精品国产综合久久小美女| 久久久久久电影| 亚洲男同性恋视频| 偷拍日韩校园综合在线| 国内久久婷婷综合| 99视频在线精品| 欧美日韩三级一区二区| 久久人人97超碰com| 亚洲摸摸操操av| 麻豆精品一区二区av白丝在线| 国v精品久久久网| 欧美三级中文字幕在线观看| 日韩欧美123| 一区二区中文字幕在线| 五月激情丁香一区二区三区| 国产精品一区二区x88av| 在线影视一区二区三区| 日韩欧美国产麻豆| 亚洲情趣在线观看| 麻豆成人综合网| 97久久人人超碰| 日韩一级完整毛片| 国产精品传媒入口麻豆| 日本欧洲一区二区| 天堂va蜜桃一区二区三区漫画版| 国产麻豆精品久久一二三| 日本韩国一区二区三区| www久久精品| 亚洲成人免费影院| 国产91清纯白嫩初高中在线观看| 欧美系列亚洲系列| 久久久激情视频| 亚洲大片一区二区三区| 国产精品白丝jk白祙喷水网站| 在线欧美一区二区| 国产欧美精品一区二区色综合| 亚洲国产成人av| 成人动漫精品一区二区| 日韩欧美久久久| 一区二区三区四区不卡在线 | 国产福利一区二区| 欧美精品第1页| 国产精品久久99| 狠狠狠色丁香婷婷综合激情| 国产婷婷色一区二区三区| 亚洲同性gay激情无套| 韩国欧美国产一区| 欧美日韩第一区日日骚| 欧美韩国日本一区| 久草中文综合在线| 欧美蜜桃一区二区三区| 国产精品国产自产拍高清av| 黄一区二区三区| 69堂国产成人免费视频| 亚洲伦在线观看| 国产盗摄一区二区三区| 日韩精品一区国产麻豆| 亚洲国产婷婷综合在线精品| 成人av在线网站| 国产三级精品视频| 九色综合狠狠综合久久| 欧美一区二区三区在线观看 | 奇米影视7777精品一区二区| 色婷婷精品久久二区二区蜜臀av| 国产日韩欧美精品综合| 美国精品在线观看|