Tsang's Revised Budget

[Lady_gaga]

The Financial Secretary, John Tsang, has made radical changes to his budget following mounting political pressure for him to return wealth to the people.
The unpopular plan to inject HK$6,000 into Mandatory Provident Fund accounts has been scrapped. Mr Tsang has instead proposed that all permanent residents over the age of 18 will receive a HK$6,000 handout from the government, while taxpayers will enjoy tax rebates worth up to HK$6,000. The new measures are expected to cost the government about HK$40-billion.

http://www.rthk.org.hk/rthk/news/eng...0302&56&737728


He should have done this much earlier, don't you think?

[EmilyBronte]

Why only PR?? Disgusting.

[Lady_gaga]

Who else would you propose to include?

[Load Toad]

Well a bloke predicts a 25 billion deficit, actually its a surplus of 80 billion - you can't expect him to work out to spend it quickly - he was too thick to know he was going to have it.

[puyi]

Originally Posted by Lady_gaga

Who else would you propose to include?

taxpayers duhhhhh

maybe he should only pay the dosh to single passport holders ??????

[Lady_gaga]

Originally Posted by puyi

taxpayers duhhhhh

maybe he should only pay the dosh to single passport holders ??????

Taxpayers will be given a tax rebate of 75% with a ceiling of $6K. So they are already included.

[puyi]

i do like the idea of dual passport holders being unable to claim the 6k.......

[Load Toad]

Can I have cash - I can go to the pub and stimulate the economy then?

[puyi]

so non perm residents dont get the 6k and their landlords get the rates waived and dont pass this onto to the tenants...double whammy

[Lady_gaga]

Well, some tenants pay the rates, so the waiver will benefit them.