Table des matières

Introduction
I. The policy environment 
-The Government's medium-term economic strategy 
-Expansionary fiscal policy 
-Relaxation of monetary policy
-Supply-side policies
II. Renewed expansion of the Mainland economy
-Revival of domestic demand and output
-Persistent high unemployment
-Modest inflation
-Back to broad external balance
-The adjustment process: what has been achieved so far
III. The economic outlook
-The external environment
-Short-term prospects: continued recovery
IV. Tax reform and tax issues
-The rationale for tax reform
-The present tax system: major distortions and inequities
-Reform proposals
-Main aims and considerations
-Lowering rates of taxation
-Changes in the tax base of business income
-Harmonisation of taxation of capital
-Division of business and entrepreneurial income
-Potential effects on economic performance
V. Conclusions
Notes and references
Annexes
-I. Supporting material to Part IV
-II. Chronology of main economic events
Statistical and Structural Annexes