Chapter 643: 643

It is estimated that Peng Lizhi has been reminded by Xia Dingji that his posture of "facing the dry" has obviously converged a bit, but he is not so "good". Instead, he pesters Nicholas caldo to ask for advice on the tax system, which is equivalent to a slowdown.

Sir Gao is very generous and doesn't care much about it, because in his eyes, Peng Lizhi is not completely "off the topic", and the tax system can also be called an entry point to solve the economic problems of Xiangjiang. Gao Xian also pays attention to this field.

Xiangjiang is an economy with a relatively light tax burden. With the continuous popularization of social welfare in Xiangjiang, the expenditure of the government has increased accordingly. The auction of official land is indeed an immediate financial source, but land resources are limited after all, and more and more dependent on real estate, which is by no means a good thing for the long-term development of Xiangjiang.

Nicholas caldo was the economic adviser to the British Labour Party in the 1960s. At the same time, he also provided economic advice to several other countries, including India. His practical ideas were reflected in the tax system.

Of course, Nicholas cardo is an economic expert invited by Sir Gao. Peng Lizhi can't take advantage of him in vain. His activities can't escape Gao Xian's eyes and ears.

The subordinates reported to Gao Xian that the recent conversation between Peng Lizhi and Nicholas cardo was related to the consumption tax.

Gao Xian is very happy. Peng Lizhi is quite ambitious.

As the name suggests, consumption tax is to tax consumers' consumption behavior, but in practice, it is too difficult to tax countless consumers directly, so the tax target falls on wholesalers and retailers selling products or services, such as Xiangjiang retail leader such as Jindong supermarket under happy group.

A narrow strip of water is the most famous economy in China's old script, for instance, in 2019, it increased the consumption tax to ten percent.

However, in this era, there is still a way to go before the consumption tax is implemented. To take one example, the consumption tax has not been implemented because of the change in political circles and the wide range of interests involved.

At the present level, the vision is certainly not limited to the scope of commercial interests. In his view, it would be beneficial for Peng Lizhi to successfully implement the consumption tax in Xiangjiang during the term of office of the financial secretary. At least the Koch consortium will not resolutely oppose it.

However, vested interests are not so easy to deal with. Gao Xian wants to participate in Xiangjiang monetary policy. He has worked hard to unite and fight against one faction. Peng Lizhi wants to make the implementation of consumption tax his political achievement, which is by no means easy.

After putting the quickly browsed Notepad into the "drawer", Gao Xian said, "don't disturb Peng Lizhi. Let him be busy."

At this time, Arthur burns came over and apologized: "Sir Gao, I have to finish the schedule of Xiangjiang ahead of schedule. The term of office of the American ambassador to Germany is over, and President Ligen wants me to take over."

Arthur burns was born in Austria, which is the same German speaking area as Germany, Switzerland and Luxembourg. At the age of 10, he immigrated to the United States with his parents.

At this stage, West Germany has strong economic strength and is known as the engine of Europe, which makes the United States have to re-examine its relationship with this "little brother". It is considered that Arthur burns, a veteran, was elected as the American ambassador to West Germany by President Reagan.

But as a result, among American economic experts, Arthur burns had to leave in advance. Alan Greenspan had to devote half his mind to the part-time work in the White House to find a solution to the current American social security crisis. Only Roger Myerson was left who could really concentrate on working.

But Gao Xian didn't really mind, because Arthur burns went to West Germany as an ambassador, and he could use this network himself.

Therefore, Gao Xian said very magnanimously, "it doesn't matter. It's a big event. Your appointment is in a hurry. I'll arrange it now."

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Seeing that Sir Gao was still so busy, the old man was a little sorry. Before leaving, in addition to telling the two disciples to do a good job, he left his signature on the report in advance.

……

After Arthur burns left Xiangjiang ahead of schedule, the work of the Hong Kong dollar exchange rate review committee was not actually affected, because most of the work had been completed, and the so-called demonstration was carried out under the framework of the high string improved currency board system.

In this way, the final outcome of the Hong Kong dollar exchange rate review committee was released step by step according to the original plan, referred to as the "high string report" for short, to pay tribute to Sir Gao.

It is worth mentioning that in the Gaoxian report, there are more specific practical operation rules for the "internal exchange rate" between the Xiangjiang exchange fund and the note issuing bank.

Specifically, the "internal exchange rate" is not simply linked with the US dollar, but according to Xiangjiang's main trading partners, making full use of game theory, set up a "small basket", including Sterling, West German mark and Japanese yen in addition to the US dollar, and then weighed out an internal exchange rate, which is reviewed every two weeks.

As for the single US dollar in the exchange fund, when it will be replaced with a multi currency portfolio corresponding to the "small basket", that is what will happen in the future. It is unrealistic to operate now.

In fact, according to the current trade trend, the mainland will soon become the largest trading partner of Xiangjiang. However, at this stage, the international status of RMB is not high, so it will not be considered for the time being.

Although the status of sterling is far inferior to the era when the Hong Kong dollar was pegged to sterling in terms of the trade-off proportion of the "internal exchange rate", Roland Bahrain and Nicholas caldo, two British economists, have made positive comments.

After the Gao Xian report was officially released, the Hong Kong dollar exchange rate review committee did not dissolve with the completion of its mission, but changed to an Exchange Fund Advisory Committee to provide guidance for foreign exchange funds.

At this stage, the Hong Kong government's unified management of Xiangjiang's financial affairs is achieved through the establishment of a financial management division under the chief secretary. Under the financial management division are the financial policy group, the office of the superintendent of banks, the exchange fund group, the exchange fund management department, etc,

The Exchange Fund Advisory Committee, established on the basis of the Hong Kong dollar exchange rate review committee, is subordinate to the monetary management branch.

In view of Swire Group's "export" of high-end talents such as Peng Lizhi to Xiangjiang politics, Gao Xian pushed Chen Zuze, general manager of favorable bank, who had served as a civil servant in the Hong Kong government for a long time, in order to ensure the current actual operation results, that is, the "internal exchange rate" of favorable bank and Standard Chartered Bank at one US dollar to six Hong Kong dollars An improved currency board system for the purpose of monetary policy.

If Sir Gao really wants to be true, he is not a vegetarian. Finally, before Xia Dingji stepped down as financial secretary and Peng Lizhi took over as financial secretary, Chen Zuze succeeded in becoming the first chairman of the Exchange Fund Advisory Committee.

"Zuze, in addition to the favorable bank, there is another heavy burden on your shoulder." Gao Xian said with great seriousness.

"I will try my best to protect the hard work of my boss." Chen Zuze said positively: "I also firmly believe that this is the cornerstone of Xiangjiang finance in the future."

"It's still in its infancy. We don't need to rush. Just keep the bottom line and push forward step by step." Gao Xian's eyes shine sharply, "remember, the opportunities in the next few years are on our side."

……

PS: bow to thank the book friend: shall I have a look first? The reward for being ambushed!!

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