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Handouts gain the support of legislators

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LEGISLATORS gave overwhelming support to the tax handouts, but said Sir Hamish had not gone far enough.

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United Democrats of Hong Kong spokesman Dr Huang Chen-ya said while the Government had cut profits tax by one per cent, it had refused to lower income tax by even half a percentage point.

Meeting Point's Fred Li Wah-ming did not see any reason to lower profits tax.

And Frederick Fung Kin-kee of the Association for Democracy and People's Livelihood said the new basic personal allowances should be higher than the proposed $72,000, which did not allow for inflation.

''The allowance should be $78,000 as proposed by the ADPL because allowances from 1988 to 1991 were not adjusted in accordance with inflation,'' he said.

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Independent Samuel Wong Ping-wai said some of the tax-relief proposals had been unexpected. The decrease in profits tax had not been lobbied for by the commercial sector, he said, and the reduction in the airport passenger departure tax was too ''drastic''. ''I don't think it's really important to reduce it,'' he said.

Pro-China legislator Tam Yiu-chung, who criticised the Government for ''spending too much'' in last year's Budget, said the Financial Secretary's estimate for 1994-95 was acceptable.

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