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Wine Duty Taskforce. Proposal for FY 2007-2008. Background. Wine duty in Hong Kong is too high (80% since 2002) Ad Valorem duty system is expensive to administer. High Wine Duty. Brings no increase in duty revenue Contradicts the pledge to become the region’s wine center

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Wine Duty Taskforce

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Wine duty taskforce

Wine Duty Taskforce

Proposal for FY 2007-2008


Background

Background

  • Wine duty in Hong Kong is too high (80% since 2002)

  • Ad Valorem duty system is expensive to administer


High wine duty

High Wine Duty

  • Brings no increase in duty revenue

  • Contradicts the pledge to become the region’s wine center

  • Hinders imports of high quality wines

  • Hampers HRI trade & tourism

  • Limits consumers’ choices


Ad valorem av duty system

Ad Valorem (AV) Duty System

  • Expensive to administer for the government as well as for importers & traders

  • Specific Duty (SD) system can do the same job at lower costs


Objectives

Objectives

  • Form a taskforce to work on a proposal to reduce wine duty and the replacement of the AV duty system

  • Take appropriate steps to support the taskforce’s proposal

  • Reach consensus on the proposal

  • Relate the message to the government


Taskforce

Taskforce

  • Various consulates

  • Wine trade

  • Tourism trade

  • HRI trade


Actions

Actions

  • Survey on the general public, wine trade, HRI trade & the tourism sector

  • Study the time/costs spent on the AV duty system by the wine trade and the government

  • On-going discussions with Legislators & government officials


Time line 2006

Time-line (2006)

  • Meeting potential members of the taskforceJul/Aug

  • Formation of the taskforceEnd Aug

  • Agreeing on the objectives/plans of the taskforceEarly Sep

  • Inviting & evaluating proposals for surveys/studiesSep

  • Surveys & Study (AV system v. SD system)Oct

  • Analysis and drafting of the proposalNov

  • Present the final proposal to the governmentDec

  • Discussions with Legislators & government officials(On-going)

  • Presentation to the media(Optional)


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