In the 2008-09 Budget, Financial Secretary John Thang proposed a 100% profit tax deduction for capital expenditure on environmentally-friendly machinery and equipment in the first year of purchase, to encourage the business community to go green. He also suggested shortening the depreciation period of this equipment from the usual 25 years to 5 years.
The dense population, smoke-belching factories and power stations, ceaseless construction and large numbers of diesel vehicles have made for dangerous levels of particulate matter (RSP) and nitrogen dioxide (NO2).
(source wikipedia)
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