Chapter

Introduction: The Thunder of History

Michael Littlewood

in Taxation Without Representation

Published by Hong Kong University Press

Published in print January 2010 | ISBN: 9789622090996
Published online September 2011 | e-ISBN: 9789882207455 | DOI: http://dx.doi.org/10.5790/hongkong/9789622090996.003.0001
Introduction: The Thunder of History

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This chapter provides some background information on the origins, developments, and operation of Hong Kong's tax system. It also provides a brief account of the distinguishing characteristics of Hong Kong's tax system; Hong Kong's system of government, its philosophy of public finance, and other sources of revenue; the British Income Tax Act of 1803, commonly called Addington's Act, which served as the model upon which Hong Kong's tax system was based; and the source principle and practice followed by most British colonies in the early twentieth century of exempting offshore income from tax.

Keywords: Hong Kong; tax system; government; public finance; revenue; British Income Tax; Addington's Act; British colonies; offshore income

Chapter.  11106 words. 

Subjects: Business and Management

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