A critical analysis of a goods and services tax in Hong Kong.

Yeung, Raymond (2010) A critical analysis of a goods and services tax in Hong Kong. DProf thesis, Middlesex University. [Thesis]

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This project investigates the views of accountants in Hong Kong on the proposed Goods and Services Tax (“GST”). It also analyses the overall economy of Hong Kong in the past 60 years, focusing on the public finance system and the tax bases. The Hong Kong economy and its economic policies have been overviewed. The deficits after 1997 are found not to be structural. The tax base is also found not to be narrow as there are various types of taxes hidden in people’s daily life and consumptions. This explains the reasons that Hong Kong obtained a surplus for 48 years out of the past 60 years and accumulated a huge fiscal reserve.

A survey was conducted and the result revealed that 62% of accountants were against the GST. Even though the response rate is low, the sample size lies in the range of 5% to 6% level of precision at 95% confidence. The Hong Kong Institute of Certified Public Accountants (“HKICPA”) conducted another survey on the GST after the result of this project had been publicly released. The result was consistent with the findings of this project i.e. about 59% of accountants objected the GST. The result of the survey was widely publicised and reported by the media. It provided some references for the Government whether the GST was really needed and whether accountants supported the GST. To a large extent, it caused the Government to set aside the GST consultation in September 2006 and suspend the implementation of the GST.

Item Type: Thesis (DProf)
Additional Information: A project submitted to Middlesex University in partial fulfilment of the requirements for the degree of Doctor of Professional Studies.
Research Areas: A. > Work and Learning Research Centre
B. > Theses
Item ID: 7249
Depositing User: Repository team
Date Deposited: 08 Mar 2011 16:46
Last Modified: 30 Nov 2022 01:09
URI: https://eprints.mdx.ac.uk/id/eprint/7249

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