In the middle of this month, Middle Power successfully interviewed more than 650 middle-class people by telephone and street interviews. The survey found that 63% of the respondents disapproved of levying goods and services tax to broaden the tax base, and about 30% of the respondents agreed. Although 5 1% of the respondents disapproved of * * *' s proposal to reduce salaries tax and reduce rates by $3,000 per family in exchange for levying goods and services tax, more than 30% of the respondents agreed. In addition, nearly half of the respondents are worried that the introduction of GST will lead to an increase in the number of staff handling multiple exemptions, which will lead to a further expansion of the number of civil servants.
Feng Weiguang, chairman of CLP, who is worried about the expansion of the number of civil servants, said that when * * * faces financial difficulties, it will definitely raise the GST tax rate and cut the original preferential treatment. In the end, the middle class still needs to bear the impact of the goods and services tax. He suggested * * * to consider other ways to increase revenue, including asking HKMA to allocate more Exchange Fund revenue to the Treasury.
? Although some critics think that if GST is levied, the middle class will benefit, the bail-out measures proposed by * * * assume that all the income of 20 billion yuan from GST will be used to reduce salaries tax, and there is no commitment.
? The reality is that if the goods and services tax is to win the support of the general public, this $20 billion will probably be shared, that is, it will be used to reduce salaries tax, profits tax and increase expenditure in various policy areas at the same time.
? Taking the average distribution as an example, reducing salaries tax, reducing profits tax and increasing other expenses each account for one-third of the GST balance, and each scheme can get about 7 billion yuan. Based on this calculation, the tax rate of salary tax reduction will be much lower than the current scheme of five percentage points, which is roughly equivalent to returning to the level before tax increase in 2003.
? Earlier, some scholars pointed out that lowering the wage tax rate would not be enough to compensate the GST paid by the middle class in consumption. The annual spending of Hong Kong people in Hong Kong is about 600-700 billion yuan, of which the middle class accounts for about 450-500 billion yuan. If 5% GST is levied, the distance will exceed 7 billion yuan.
I'm detailed enough. Reference: Yahoo,