The Hong Kong Chief Chief of Finance Chen Maobo said that Hong Kong's Financial Department did not have the conditions for opening capital VAT in the short term.
According to the Sing Tao Daily, Chen Maobo, who is participating in the World Economic Forum in Davos, Switzerland, said in an interview on Wednesday (January 17) that the VAT of Capital Capital should consider Hong Kong's competitiveness and consolidate economic recovery effortsFactors such as the impact on the capital market.
He said clearly that Hong Kong does not have the conditions for opening capital VAT.
Chen Maobo posted on the blog on January 7 that the Hong Kong government was determined to rectify and thrive public finances and reduce the balance of government revenue and expenditure. However, this process must take into account the reality.If you are in a hurry, you also need to evaluate the affordability of different classes of society.
He pointed out that it is necessary to properly open source and increase government revenue, but Hong Kong is at the stage of fighting for the economy, conspiracy development, attracting enterprises, and gathering talents. Therefore, the consideration of open source also needs to take into account the actual development stageThe situation, for example, needs to maintain the competitiveness of Hong Kong in the international market and continue to attract enterprises and investment; maintain and consolidate business confidence, do not affect the strength of Hong Kong's economic recovery; maintain the advantages of Hong Kong's simple low tax system, and consider the burden of citizens.
Hong Kong will issue a new fiscal budget on February 28.
