| 1. |
To be responsible for the management of the Faculty. |
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| 2. |
To undertake technical work in areas of taxation (covering Hong Kong, cross-border and relevant aspects of Mainland taxation), including making representations to the government, relevant industry regulators, and other bodies and authorities, on behalf of the membership of the Faculty, as appropriate.
In relation to the annual government budget, specifically, to support Council (i) to develop proposals for submission to the government and to promote the proposals; (ii) to formulate the Institute’s response to the budget speech and explain the response to the media.
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| 3. |
To provide a forum to enable taxation practitioners to exchange views and discuss matters of common interest and concern and to promote membership of the Faculty and the role and standing of the tax profession. |
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| 4. |
To provide professional education and training in the form of seminars, conferences, etc. in areas which are of specific interest and relevance to Faculty members and the taxation profession, and to provide other services to members, (e.g., a periodic electronic newsletter, discounts on tax publications). |
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| 5. |
To liaise with regulators, relevant government agencies, professional bodies and other persons, including in the Mainland, as appropriate, on technical matters within the remit of the Faculty, with a view to, inter alia, promoting good relations between the Faculty and other participants in the sector, promoting the work and image of the Institute and supporting Faculty and Institute members working in the field of taxation. |
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| 6. |
To promote standards in the sector through the development of guidance and statements of best practice and ethics. |
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| 7. |
To develop and maintain contacts with other committees and relevant sectoral groups within the Institute, and relevant outside parties and, where appropriate, undertake joint action on matters of common interest and concern. |
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| 8. |
To provide advice to the Institute, when requested, on the development of more intensive tax training courses and specialist accreditations. |
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| 9. |
To develop strategic and operational plans and budgets, and, report periodically to the Institute's Executive Committee and Council. |
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| 10. |
On behalf of the Institute, to liaise with the relevant international taxation bodies. |
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| 11. |
To perform such other functions as may be necessary to implement the objectives of the Faculty. |
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