Wine duty taskforce
Sponsored Links
This presentation is the property of its rightful owner.
1 / 8

Wine Duty Taskforce PowerPoint PPT Presentation


  • 68 Views
  • Uploaded on
  • Presentation posted in: General

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

Download Presentation

Wine Duty Taskforce

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


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

  • Hinders imports of high quality wines

  • Hampers HRI trade & tourism

  • Limits consumers’ choices


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

  • 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

  • Various consulates

  • Wine trade

  • Tourism trade

  • HRI trade


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)

  • 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)


  • Login