Comments on Financial Budget 2007/2008

Kenneth Leung, Vice President, The Taxation Institute of Hong Kong

To: All Members of Trade & Investment Committee
From: Richard Mallett, AmCham Trade & Investment Committee Chair

Kenneth Leung, who heads the tax and pensions practice of the Hong Kong office of Clifford Chance, will discuss the Hong Kong budget shortly after its release in late February. Mr. Leung has over 15 years of international and local tax experience and is a member of Inland Revenue's Board of Review, the Joint Liaison Committee on Taxation and the Chief Executive Election Committee. He graduated from the London School of Economics and Political Science with a bachelor's and a master's degree and is a qualified chartered accountant, chartered tax adviser and solicitor.

Mr. Leung will discuss how he sees the budget and will comment on:
- Incentives to individuals and incentives to business
- The Hong Kong Government's budgeting philosophy
- Tax policies and Hong Kong as a regional investment center

We welcome all AmCham members including new AmCham members with interest in trade and investment issues to attend and participate in this Committee's activities.