In his 5th Hong Kong budget speech in early 2021, Mr. Paul Chan, the Financial Secretary of Hong Kong, announced an estimated budget deficit of HK$101.6 billion for the fiscal year 2021/2022. Some commenters urged the government to broaden the tax types and/ or tax bases in Hong Kong in order to increase the revenue of the HKSAR government. You are required to carry out an analysis on the various tax types and/or tax bases that are currently adopted by other countries and/or areas of China other than Hong Kong (please note that there is no restriction on your choice of reference countries, or the number of references that you wish to make reference to). Based on your discovery analysis, please discuss and propose, with reasons and justifications, to introduce a new tax type and/ or tax base in Hong Kong. You are also required to provide detailed discussion on the following: 1. Reasons for introducing this tax type and/ or tax base in Hong Kong 2. The estimated or expected result and impact of introducing this new tax type and/or tax base 3. Any foreseeable problem or issue that needs to be taking care of in the introduction of this proposed tax type and/or tax base