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  1. Ease tax burden on households and businesses, IMF advises

    Posted Nov 12th 2008, 12:00am by Dennis Eng

    ... for the year as a whole,' IMF staff concluded. The government has already waived various rates and fees and increased spending on low-income groups. 'Our sense is the one-off measures ... the appropriate tax structure, and the likely fiscal outlays over the medium term,' the IMF said. 'Such a medium-term perspective would, we believe, lead to the conclusion that the stimulus ...

  2. Sales levy would stabilise revenue and bring flexibility, says the IMF

    Posted Mar 18th 2005, 12:00am by Dennis Eng

    ... Dennis Eng The International Monetary Fund is backing the government's proposed goods and services tax, saying it would lead to more stable revenue and give the financial secretary leeway to proceed with more relief measures. 'We encourage the government to press ahead with its work towards the implementation of a goods and services tax,' the IMF's resident ...

  3. Comment - Insight & Opinion - LEADER

    Beijing wise to keep its central banker

    Posted Feb 27th 2013, 12:00am by SCMP Editorial

    ... replacing the US dollar as the international reserve currency under a new global regime controlled by the IMF. One suggestion he made was to use the IMF's special drawing rights - whose value ...

  4. A nation on suicide watch

    Posted Feb 14th 2012, 12:00am

    ... of the International Monetary Fund and raise the country's consumption tax from 5 per cent. He wants to double it by October 2015, but the IMF is urging a rise to 15 per cent. Some economists say ... more than 40 per cent will be over 65, a burden that no country has had to deal with. The IMF coldly and clinically exposed the problems with Japan's public finances. The issue ...

  5. Don't bury debate over sovereign funds

    Posted Mar 24th 2008, 12:00am by Tom Holland

    ... of the IMF. Sovereign wealth funds are influential already, and they are going to get a lot more powerful over the coming years. A public debate about their rules of conduct is sorely needed. ... reserves more actively. According to the IMF's researchers, sovereign wealth funds currently manage between US$2 trillion and US$3 trillion. That is a lot: US$3 trillion was roughly the size ...

  6. Huge surplus shows reality overtaxes financial secretary's ability

    Posted Mar 01st 2007, 12:00am by Jake Van Der Kamp

    ... in fact quote IMF findings that Hong should have fiscal reserves equivalent to 30 per cent to 50 per cent of gross domestic product for these reasons. There are two things he did not mention, however. The first is that our fiscal reserves are already well above this level. The second is that the IMF also said our needed fiscal reserves could be reduced by up to another 20 per cent ...

  7. You're confused, Norman, trillion-dollar hoard is for the city, not its banks

    Posted Feb 20th 2011, 12:00am by Jake Van Der Kamp

    ... the International Monetary Fund. The IMF came out with a 30 to 50 per cent target ratio for free fiscal reserves to gross domestic product. It also said there could be a significant reduction ... fiscal reserves amount to a record 71 per cent of GDP. We have far more than the IMF says we need. Why did you choose not to tell us this when saying you cannot quantify what we need, Norman? Can ...

  8. Mainland stocks rally on hints of monetary easing

    Posted Apr 19th 2012, 12:00am

    ... so far this year. Yesterday's gain was partly buoyed by the International Monetary Fund raising its forecasts for global economic growth. The IMF said the world economy would grow 3.5 ...

  9. For Europe, Chinese help will come at a heavy price

    Posted Feb 16th 2012, 12:00am

    ... on the IMF's governing board, while China gets just 3.8 per cent. Those proportions are due to change this year, but not enough to significantly affect the balance of power. If China does now ramp up its contributions to the fund to help Europe, Beijing will naturally demand a price, and that price is likely to be a considerable gain in China's influence over the IMF's governance ...

  10. Domestic demands may slow liberalisation of yuan

    Posted Jan 13th 2012, 12:00am

    ... May Chan may.chan@scmp.com The internationalisation of the yuan would be slowed by Beijing's need to keep domestic growth robust amid global economic uncertainties, the International Monetary Fund and other market experts said yesterday. Sean Craig, the resident representative of the IMF's Hong Kong office, said some on the mainland were against liberalising interest rates ...




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