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DGIP's response to media enquiries on GST
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In response to media enquiries
today (September 26) on the possible impact on Hong Kong's competitiveness
in attracting investments with the possible introduction of a goods
and services tax, the Director-General of Investment Promotion,
Mr Mike Rowse, gave the following comments:
"As regards the consultation
on the possibility of introducing a goods and services tax, it is
worth pointing out that the cities and economies with whom we are
most usually seen to be in competition all have a goods and services
tax already. For example, at the regional headquarters, regional
office level, we would be normally compared with Singapore, and
sometimes to some extent with Sydney. And both cities have a GST
already. For offices covering China, we compete with perhaps Beijing
and Shanghai and of course, the Mainland already has a tax on goods.
I think this has to be seen in that sort of perspective."
"Given Hong Kong's many
advantages favoured by foreign investors and our Government's commitment
to continuously improve the business environment here, we think
Hong Kong's overall competitiveness will remain strong."
Ends/Tuesday, September 26, 2006
Issued at HKT 20:16
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