1. F.3B EPA Project Low Tax Policy Group Leader : Joyce Leung(19) Group Members : Wing Chan(2) Charmie Chan(3) Cindy So(34) Jennifer Tam(35) Joyce Wu(37)

2. Role of government Adopt low tax policy Types of taxation Individual Corporate Comparison of the tax rate Germany 45% Denmark ( 丹麥 ) 63% Hong Kong 15% Japan 40% China 25% Hong Kong 16.5% Salaries Tax Profit Tax Property Tax Hong Kong Corporation 16.5% Incorporate business 15% Hong Kong has the lowest taxation United States 35% Norway 25% Sweden 25% Hong Kong 15% Canada 16% Comparison of the tax rate Comparison of the tax rate

3. Hong Kong has the lowest taxation Advantages Disadvantages Encourage the labour force to work hard Attracts foreign investment Can reduce citizen’s burden Less government revenue Promote economic development People may evade to pay tax ( 逃稅 ) Decrease the quality of social welfare for citizens Money need should be found in other ways