Sep 25, 2003 06:05
21 yrs ago
English term
Spain
31 year experience full time translator
Native in: Spanish
Works in: English to Spanish, Italian to Spanish
a 15 p in the pound income tax is supplemented with
English
Other
Public transport funding
In Hong Kong a 15 p in the pound income tax is supplemented with huge revenues from Government land leases.
Does this mean that in Hong Kong for every pound coming from taxes there is an additional 15 pence coming from Government land leases?
Thanks for your help!
Does this mean that in Hong Kong for every pound coming from taxes there is an additional 15 pence coming from Government land leases?
Thanks for your help!
Responses
| 4 +6 | Probably not. |
Alaa Zeineldine
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| 5 | No - for every pound paid in tax the government takes 15p for public... |
CMJ_Trans (X)
|
Responses
+6
8 mins
Alaa Zeineldine
Egypt
Egypt
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Egypt
The best in IT ... and in Automotive
Native in: Arabic 
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Related KudoZ points
:
198
Selected
Probably not.
Here is how I interpret it.
In Hong Kong the government collects revenue from income taxes and from land that it leases out. While the 15 pence/pound income tax rate is modest, yet the revenue from the land lease is huge.
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Note added at 10 mins (2003-09-25 06:16:18 GMT)
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The idea is that the huge revenue from leasing land owned by the government compensates for the small revenue obtained from the low income tax rate. How\'s that?
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Note added at 15 mins (2003-09-25 06:20:51 GMT)
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income tax of course not income taxes.
In Hong Kong the government collects revenue from income taxes and from land that it leases out. While the 15 pence/pound income tax rate is modest, yet the revenue from the land lease is huge.
--------------------------------------------------
Note added at 10 mins (2003-09-25 06:16:18 GMT)
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The idea is that the huge revenue from leasing land owned by the government compensates for the small revenue obtained from the low income tax rate. How\'s that?
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Note added at 15 mins (2003-09-25 06:20:51 GMT)
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income tax of course not income taxes.
4 KudoZ points awarded for this answer.
Comment: "Thank you! It makes so much sense now!!!"
9 mins
No - for every pound paid in tax the government takes 15p for public...
transport. This not being enough, it also uses money that it gets from renting or leasing out land to make up the shortfall. OK?
Peer comment(s):
| disagree |
David Sirett
: "15 p in the pound income tax" simply means that the income tax rate is 15%.
1 hr
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so?
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| disagree |
cmwilliams (X)
: Agree with David - the government receives revenue from income tax at 15% plus large amounts from land leases.
1 hr
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so? I think we're saying the same thing
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| agree |
Tony M
: Actually, I agree with CMJ — the OVERALL rate may NOT be 15%, but a 15% chunk is used for public transport...
9 hrs
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| agree |
Zein Isa
1 day 4 hrs
|
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