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  • July 28, 2014
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  1. Comment - Insight & Opinion - LEADER

    China should lower taxes, not increase spending, to spur growth

    Posted Apr 17th 2014, 04:33am by SCMP Editorial

    ... for the government to consider income tax relief for individuals, both by reducing progressive rates and raising the income exemption level. ... SCMP Editorial Lower taxes to spur growth The mainland's GDP growth of 7.4 per cent in the last quarter was the slowest since 2012. It beat market expectations of 7.3 per cent ...

  2. Comment - Insight & Opinion - LEADER

    India takes a sensible first step towards economic reform

    Posted Jul 21st 2014, 03:59am by SCMP Editorial

    ... Ending disliked retrospective taxes for overseas investors and raising the caps on foreign investment in the defence and insurance industries, coupled with a new goods-and-services tax, makes ...

  3. Comment - Insight & Opinion - LEADER

    The big tax gamble that Abe must take

    Posted Oct 08th 2013, 12:00am by SCMP Editorial

    ... softening the pain with new spending measures that include expanding tax relief for homebuyers, cash disbursements for low-income earners and dropping a surcharge on corporate income tax introduced ... SCMP Editorial A big gamble Abe must take First the stimulus, now the payback. Shinzo Abe is taking a big gamble by raising sales tax for the first time in more than 15 years. In doing so, ...

  4. Comment - Insight & Opinion - LEADER

    Shinzo Abe must show strong leadership to realise ambitious plans

    Posted Jul 02nd 2014, 04:54am by SCMP Editorial

    ... this year. But such measures are not sustainable over the long term, making the latest stage- involving a corporate tax cut from 36 to below 30 per cent, stronger support for working women, bringing ... into the workforce through tax breaks and encourage couples to have more children are necessary for growth, but success cannot be guaranteed. Nor has enough importance been attached to plans to establish ...

  5. Comment - Insight & Opinion - LEADER

    Wealth tax idea worthy of debate

    Posted Mar 03rd 2013, 12:00am by SCMP Editorial

    ... a widening income gap, a problem we share. But it has prompted property and tax experts to say it would not work in Hong Kong because our residential property market is different. And if that were ... a lot of thought is going into how to close the income gap, the contrast with Singapore springs to mind. The city-state budget that taxed the owners of luxury properties also doubled spending ...

  6. Comment - Insight & Opinion - LEADER

    Compulsory care for high-risk mental patients should be re-examined

    Posted Jun 18th 2014, 02:50am by SCMP Editorial

    ... Chung-mau said recently there was one mental health-care doctor for every 30,000 people, far less than the median rate of one to 10,000 in high-income countries, according to a World Health ...

  7. Comment - Insight & Opinion - LEADER

    Take shackles off legal gambling

    Posted Jun 12th 2014, 04:12am by SCMP Editorial

    ... The government has granted the Jockey Club a highly regulated monopoly over betting on horses, the Mark Six lottery and, more recently, soccer, in return for heavy taxes that make it the biggest source ... betting regime that pays its taxes but is unable to compete with illegal rivals with links to organised crime. The multibillion-dollar boost illegal bookmakers expect from the World Cup tournament ...

  8. Comment - Insight & Opinion - LEADER

    Planning key to free-trade zones

    Posted Jun 11th 2014, 04:19am by SCMP Editorial

    ... and financial innovation. Among the objectives are furthering liberalisation of the renminbi, developing off-shore financial business and implementing a tax policy that promotes investment. ... areas, driven by cheap land and low taxes, shows what can happen without planning; declining exports and rising labour costs have caused many to close. Only when there is a clear-cut policy ...

  9. Comment - Insight & Opinion - LEADER

    For the sake of our youth, raise tobacco tax

    Posted Feb 09th 2014, 02:56am by SCMP Editorial

    ... SCMP Editorial For sake of youth, raise tobacco tax The higher the government raises the tobacco tax, the fewer the number of people who will pay it, either because they will no longer be able to afford to buy legal cigarettes, or take up smoking in the first place. In that respect it is a good tax. Rather than being aimed at raising revenue, it discourages a self-harming habit, ...

  10. Comment - Insight & Opinion - LEADER

    Direct-subsidy schools' fee rises a worrying sign of inequality

    Posted May 04th 2014, 04:15am by SCMP Editorial

    ... sought after, there is a danger lower-income families are being priced out of them. This bodes ill for social equality. At least 16 secondary schools under the Direct Subsidy Scheme have informed ... good subsidised schools are open to qualified students, regardless of family incomes. The bureau needs to scrutinise fee rises more thoroughly before approval. Schools must make sure poorer ...




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