ôThe government will not want to systematise tax reductions, but it will be looking at one-off grants to taxpayers, as a way to give some of that surplus back,ö says Guy Ellis, a tax partner at PWC, at a press conference in Hong Kong.
But the one-off cuts will barely put a dent in the HK$105 billion $13.5 billion budget surplus that PWC is forecasting for 20072008.
The final consolidated surplus or budget...
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