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  1. News - Hong Kong - POLITICS

    Unpaid property taxes piling up in law firms a risk as Legco delays stamp duty bill, John Tsang claims

    Posted Jul 07th 2014, 05:43am by Patsy Moy, Emily Tsang

    ... risk having to keep an increasing amount in property taxes paid by clients because of a delay in passing legislation to enact a doubling of stamp duty, the financial chief claims. The extra ... it was "undesirable" for law firms to keep a large amount of unpaid tax as there was a risk "some black sheep" could misappropriate it. Junius Ho Kwan-yiu, who runs a law firm, said the biggest ...

    http://www.scmp.com/news/hong-kong/article/1548273/unpaid-property-taxes-piling-law-firms-risk-legco-delays-stamp-duty
  2. News - Hong Kong - POLITICS

    Tax reform essential says former finance chief

    Posted Jan 21st 2014, 04:45am by Tony Cheung

    ... it is 17 per cent in Singapore. Ma said that while Hong Kong was reliant on its income from profits and income taxes, which accounted for more than half of the government's revenue, the two taxes only contributed to about a third of the Singapore government's income. "They can still support a [relatively] big government because they have a goods and services tax (GST) ...

    http://www.scmp.com/news/hong-kong/article/1409869/tax-reform-essential-says-former-finance-chief
  3. News - Hong Kong - POLITICS

    Legco filibuster on stamp duty puts more than HK$4b at stake, lawyers warn

    Posted Jul 14th 2014, 05:57am by Austin Chiu, Sandy Li

    ... transactions have been put at risk by a delay in passing a law that enacts a doubling of stamp duties, lawyers warn. Conveyancing lawyers are holding the extra taxes they have collected from property ... worrying since the tax started to be collected in February 2013," she said. "We don't know the exact amount being held by law firms, but it will not be a small figure. What ...

    http://www.scmp.com/news/hong-kong/article/1553517/legco-filibuster-stamp-duty-puts-more-hk4b-stake
  4. News - Hong Kong - POLITICS

    Law to affirm double stamp duty passed, 17 months after levy came in

    Posted Jul 16th 2014, 04:15am by PHILE SIU, Ada Lee

    ... Phila Siu and Ada Lee The extra tax, which has been levied on almost all property purchases since early last year, voted into law before Legco’s summer break Doubling of stamp duty at last ... months to see if any adjustments were needed. Lawmakers voted down an amendment that sought to allow corporate buyers a refund of the extra tax on properties they used for their own business, ...

    http://www.scmp.com/news/hong-kong/article/1555049/law-affirm-double-stamp-duty-passed-17-months-after-levy-came
  5. News - Hong Kong - POLITICS

    Slow progress to clear HK$6.8b funding requests to Legco Finance Committee

    Posted Jul 11th 2014, 04:56pm by Tony Cheung

    ... Tony Cheung tony.cheung@scmp.com Blood, sweat and … a HK$6.8b backlog An allowance for low-income families, a pay rise for civil servants and an innovation and technology bureau are among ... These include the low-income family allowance, civil servants' pay rise and the new bureau. Government officials reiterated yesterday that they would not reorder the committee's agenda to put ...

    http://www.scmp.com/news/hong-kong/article/1551993/gridlock-pan-dems-block-disputed-projects-government-blocks-fast
  6. News - Hong Kong - POLITICS

    Stamp duty relief for corporate property buyers set to be voted down

    Posted Jul 15th 2014, 04:29am by JEFFIE LAM

    ... of 13 say they will back the change. One lawmaker has not indicated his preference. Another amendment seeking to exempt all buyers of commercial premises from paying the doubled tax- introduced ...

    http://www.scmp.com/news/hong-kong/article/1554350/stamp-duty-relief-corporate-property-buyers-set-be-voted-down
  7. News - Hong Kong - POLITICS

    Queen Mary Hospital to get HK$1.6b overhaul as Legco says 'yes' in dying seconds of meeting

    Posted Jul 12th 2014, 01:39pm by Tony Cheung, Ada Lee

    ... an incinerator project, an allowance for low-income families, a pay rise for civil servants and a new innovation and technology bureau. Chief Secretary Carrie Lam Cheng Yuet-ngor expressed disappointment that the committee did not get to those items. She said the government would have to find a way to minimise the impact of the delay to the low-income family allowance. Finance Committee chairman Ng ...

    http://www.scmp.com/news/hong-kong/article/1552690/hk16b-proposal-queen-mary-hospital-reconstruction-hangs-balance
  8. News - China - POLITICS

    It's official: Macau chief executive Fernando Chui will seek re-election

    Posted Jul 15th 2014, 02:59am by Stuart Lau

    ... GDP thanks to soaring revenues from taxes on casinos. But discontent among the population of some 560,000 has also surged, culminating in May when thousands rallied in a public demonstration ...

    http://www.scmp.com/news/china/article/1554349/its-official-macau-chief-executive-fernando-chui-will-seek-re-election
  9. News - Hong Kong - POLITICS

    Occupy Central a danger to the Hong Kong property market, Barclays Bank warns

    Posted Jul 08th 2014, 11:52pm by Joyce Ng, Jeanny Yu and Ray Chan

    ... that in such an event, it would take the city longer to recover. According to his analysis, the home-price-to-income multiple, which reflects housing affordability, stands at 13.5. This is higher than ...

    http://www.scmp.com/news/hong-kong/article/1549994/occupy-central-danger-property-market-warns-barclays-bank
  10. News - Hong Kong - POLITICS

    Fred Ma calls for widening of tax base

    Posted May 27th 2014, 04:22am by Johnny Tam

    ... Johnny Tam johnny.tam@scmp.com Fred Ma calls for widening of tax base Hong Kong should consider introducing indirect taxes and importing more workers to cope with the strain caused by an ageing population, the former commerce minister says. It was an "indisputable fact" that economic growth would slow as an elderly population caused government expenses to rise but tax ...

    http://www.scmp.com/news/hong-kong/article/1519748/fred-ma-calls-widening-tax-base

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