Common Law Heritage and Statutory Diversion - Taxation of Income in Singapore and Hong Kong

24 Pages Posted: 17 Dec 2007

See all articles by Andrew Halkyard

Andrew Halkyard

University of Hong Kong

Stephen Phua

National University of Singapore (NUS) - Faculty of Law

Abstract

Singapore and Hong Kong share a common legal heritage in income taxation. Given the spectacular economic growth enjoyed by both, it is instructive to analyse how the common inheritance and values have produced very different taxation systems in both states. This article commences with a brief historical account of the development of those systems, and the role the common law has played in shaping them. It then attempts to identify the unique imperatives that are absent in other areas of law to account for the diversions in the two systems of taxation. That is followed by an analysis of how both systems meet the challenge of maintaining a viable tax base without compromising the ease of compliance and the rights of taxpayers. It concludes with observations on how both taxation systems are poised to meet the challenges posed by the economic conditions prevalent in the 21st century, and to articulate the role the common law will play in that context.

Suggested Citation

Halkyard, Andrew and Phua, Stephen, Common Law Heritage and Statutory Diversion - Taxation of Income in Singapore and Hong Kong. Singapore Journal of Legal Studies, pp. 1-24, July 2007, Available at SSRN: https://ssrn.com/abstract=1074743

Andrew Halkyard (Contact Author)

University of Hong Kong ( email )

Pokfulam Road
Hong Kong, Pokfulam HK
China

Stephen Phua

National University of Singapore (NUS) - Faculty of Law ( email )

469G Bukit Timah Road
Eu Tong Sen Building
Singapore, 259776
Singapore

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