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  • November 24, 2014
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Results 1 - 6 of 6 for income tax

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  1. Business - Companies - REGULATION

    US senators praise Ireland's move to close tax loophole used by Apple

    Posted Oct 17th 2013, 12:00am by Reuters

    ... and negotiated a deal with the Irish government for a tax rate of less than 2 per cent. The top US corporate income tax rate is 35 per cent. At a May 21 Senate hearing, Apple chief executive Tim Cook ... Reuters in London But Dublin's decision seen only as 'small step' in preventing Apple from using tax shelters US senators praise Irish move to close tax loophole Two senior ...

  2. Business - China Business - REGULATION

    China tightens tax noose on companies with overseas assets

    Posted Jul 07th 2014, 05:26am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com New legislation requires more information on overseas investments to improve tax collection Mainland firms face tighter rule on income disclosure Beijing has announced a new regulation designed to improve the central government's tax collection from overseas mainland companies, including those controlled in Hong Kong. On Thursday, ...

  3. Business - Economy - REGULATION

    Tax evaders feel the heat in havens

    Posted Aug 24th 2013, 12:00am by Toh Han Shih

    ... & Drysdale. It compelled financial institutions to disclose information on US taxpayers to the government, on pain of a 30 per cent withholding tax on US-sourced investment income ... quickly, Hong Kong would lose its competitive edge in attracting capital as international investors would be worried about their assets and income, which might be subject to a withholding tax ...

  4. Business - China Business - REGULATION

    Telecoms VAT to hit carrier profits

    Posted Mar 06th 2014, 01:20am by BLOOM

    ... customer service for its 1.2 billion wireless user accounts. The new tax system might begin as early as next month and could cut 9 per cent from the annual net income of China Mobile, China Unicom ... this year," Lai said. "We expect this will increase the tax burden and affect the net income of all the carriers in coming years." Unicom fell 2.7 per cent to close at HK$10.16 in Hong Kong ...

  5. Business - Money - REGULATION

    Fatca rules still a pain for Hong Kong firms despite tax deal

    Posted May 19th 2014, 03:22am by Enoch Yiu

    ... income. The law has been widely criticised because it effectively turns financial firms into arms of the US tax agency. Many firms are getting around the problem by avoiding taking on US clients. ... Enoch Yiu enoch.yiu@scmp.com Upcoming agreement with the US helps reduce reporting burden on some financial companies Fatca rules still a pain for HK firms despite tax deal Hong Kong ...

  6. Business - China Business - REGULATION

    Beijing urged to comply with Foreign Account Tax Compliance Act

    Posted May 27th 2014, 09:12am by Toh Han Shih

    ... tax avoidance. Those who fail to do so face a 30 per cent withholding tax on their US income. After previously stating there would be no delays in implementing Fatca, the IRS announced earlier ... for China-U.S. tax deal Hong Kong financial institutions with mainland affiliates are hoping Beijing signs an agreement with Washington soon on a new US tax disclosure law, because of concerns mainland ...



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