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  • November 27, 2014
  • Last updated: 8:26am
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  1. Business - China Business - TAXATION

    China fails to collect 65pc of corporate taxation, says IMF

    Posted Jun 27th 2014, 01:04am by Toh Han Shih

    ... to collect 65 pc of tax, says IMF The mainland is one of the worst jurisdictions in the world when it comes to collecting corporate taxes, while Hong Kong's low tax rate has enabled it to attract foreign direct investment (FDI) far out of proportion to the size of its economy, according to a report by the International Monetary Fund (IMF). Among 46 economies, the IMF said ...

  2. Business - Economy - INVESTMENT

    Beijing seen as lifeline to Latin American economies

    Posted Nov 20th 2014, 07:13am by Toh Han Shih

    ... growth to soar from an average of 2.5 per cent in 1982 to 2002 to 4.5 per cent in 2003 to 2011, an IMF report said. It warns of the impact now that the Chinese economy is slowing. Latin America and the Caribbean were projected to expand 1.3 per cent this year, the second-lowest growth rate in 12 years and more than one percentage point below the rate projected in April this year, the IMF said. ...

  3. Chinese loans go a long way in Africa

    Posted Jul 20th 2009, 12:00am by Toh Han Shih

    ... highly indebted poor countries scheme, where it could be relieved of the majority of its multilateral and bilateral debt obligations. IMF managing director Dominique Strauss-Kahn said 'the ... that the use of the Congo's mineral reserves as a guarantee for the infrastructure projects constituted external debt. The current face-off between China and the IMF is a reminder that despite ...

  4. Fear surrounds end to textile quotas

    Posted Dec 14th 2004, 12:00am by Toh Han Shih

    ... destination and source of imports,' according to an IMF paper by Montfort Mlachila and Yang Yongzheng. Bangladesh's current textile quota allocation system is inefficient and does not encourage competition, said the IMF report. 'The system has favoured large and well-established firms at the expense of newer, potentially more innovative firms. 'Bangladesh needs to make ...

  5. Lai See

    Posted Oct 20th 2009, 12:00am by Toh Han Shih

    ... Only five countries in the world and the IMF have more gold than that. He should have pleaded that he was just joking.' Cheng firm on Evergrande bet New World Development chairman Cheng ...



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