Chapter

Epilogue: Where to from Here?

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/9789622090996.003.0010
Epilogue: Where to from Here?

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The system of taxation provided for by the Inland Revenue Ordinance has been extraordinarily successful. It has almost always, together with the other sources of public revenue, produced more money than the government has wanted to spend. More importantly, the Hong Kong people seem curiously content with the combination of very low spending and very light taxes. One answer, therefore, to the question “Where to go from here?” is, “If it ain't broke, don't fix it.” In other words, one conclusion to be drawn from the Hong Kong tax system's extraordinary record of success is that reform is neither required nor desirable.

Keywords: taxation; Inland Revenue Ordinance; public revenue; taxes

Chapter.  8732 words. 

Subjects: Business and Management

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