The LegCo Reporter
Issue No. 19 (12 May 2005)

At its meeting on 11 May 2005, the Legislative Council passed the following motion with no legislative effect:

    Motion on "Comprehensive review of the Inland Revenue Ordinance", moved by Hon TAM Heung-man as amended by Hon Patrick LAU Sau-shing

    "That, in order to further strengthen and expand Hong Kong's edge as an ideal place for investment in the international arena, this Council urges the Government to, under the principle of maintaining a simple tax regime with low tax rates, examine the specific issues relating to Hong Kong's taxation system and the implementation of the Inland Revenue Ordinance, with a view to enhancing Hong Kong's competitiveness and its attractiveness to international investors."