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