In proposing amendments to the
above Ordinances, the Government will take into account the views
of the public as well as those of interested professional bodies,
trade associations and various stakeholders, including the Joint
Liaison Committee on Taxation (JLCT).
The JLCT is a discussion forum set up on the
initiative of the accountancy and commercial sectors in 1987.
It is independent of the Government. It discusses various tax
issues and reflects the views of the industry to the Government.
Currently, there are six constituent members, namely the American
Chamber of Commerce, the General Chamber of Commerce, the Hong
Kong Institute of Certified Public Accountants, the International
Fiscal Association - Hong Kong Branch, the Law Society of Hong
Kong, and the Taxation Institute of Hong Kong. Also participating
in the JLCT's meetings are the Hong Kong Association of Banks,
the Capital Markets Tax Committee and the Federation of Hong Kong
Industries. The Commissioner of Inland Revenue and several other
government officials are invited to attend meetings of the JLCT
as participating observers.