Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Government / Local Governments News Tools: Save | Print | E-mail | Most Read
No plan to revise gaming tax: Macao official
Adjust font size:

The government of Macao Special Administrative Region (SAR) has no plan to revise its gaming tax nor it is considering the issue, said a senior official on Friday.

Secretary for Economy and Finance Francis Tam Pak Yuen made the remark when asked to comment on the topic brought up by Macao gaming magnate Stanly Ho at a Lunar New Year reception hosted by the Liaison Office of the Central People's Government in the Macao SAR.

Tam said the government currently is making plans, but is for increasing elderly pensions, which is administered by the Social Security Fund, and lowering the minimum eligible age to 60.

Ho has told reporters earlier that he heard the SAR government is considering lowering the gaming tax as the current 40 percent tax levied on casinos' revenues is too high.

He said: "As a businessman, there is no doubt that I hope to see tax reduction."

Official statistics show that Macao's government revenues have exceeded 50 billion patacas (6.25 billion U.S. dollars) in the last two years, the major part of which comes from surging revenues from gaming tax, property transfer tax and other levies.

(Xinhua News Agency February 2, 2008)

Tools: Save | Print | E-mail | Most Read

Username   Password   Anonymous
China Archives
Related >>
Most Viewed >>
-China works to limit snow-related chaos
-Anti-corruption novel writer elected vice-governor of Shanxi Province
-Severe punishment for bribery
-New Uniforms for China's Military Armed Police
-Gov't urges conservation to ease winter power disruption
Questions and Answers More
Q: What kind of law is there in place to protect pandas?
A: In order to put the protection of giant pandas and other wildlife under the law, the Chinese government put the protection of rare animals and plants into the Constitution.
Useful Info
- Who's Who in China's Leadership
- State Structure
- China's Political System
- China's Legislative System
- China's Judicial System
- Mapping out 11th Five-Year Guidelines
- Chinese Embassies
- International Department, Central Committee of CPC
- State Organs Work Committee of CPC
- United Front Work Department, Central Committee of CPC
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © All Rights Reserved E-mail: Tel: 86-10-88828000 京ICP证 040089号