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Macch 16, 201) Ala Ss Handouta form Setowioraennenton of foreign aid Ferdinand Chu, Happy Valley Twit regarding the financial secretarys decision io distribute HKS5,000 to each person overthe age of Bholding Hong Kong pemanentidentiy card. Tam deeply concemed by this decision, as some ofthismoney willbe inde tansomed ino "There are many permanent ID cardholderswhoarelving ‘Anews report said thatthe * numberin Canada alone amounted to 300,000. ‘fall of them dedlare the HKS6,000s income, the money isgoingtobe taxed. A30 percent taxrate ormoreisnot Tneflect, this money willbe ‘wansferred from the Hong Kong ‘teasuryindvecty, trough the Canadian taxation system, into the pocket ofthe Canadian ‘meastny. ‘Apart from Canada, the United States, Australia, New Zealand and Britain are not short f ‘ofiong Kong permanent ID card holders. yf tetra rates are not Itis therefore not dificult 10 envisage thatthe exercise of distributing HIK$6,000, wllin effect be transformed to an act of {foreign aid, in this case, to rch

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