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  1. Tax-grab idea to fix budget alarms expat Americans

    Posted Jul 31st 2011, 12:00am

    ... in savings over the next decade. Among its measures is the elimination of the foreign earned income tax credit from which expatriate Americans benefit. The US taxes citizens and residents ... Club, where Americans of all political leanings who are working in the city voiced their disgust at the proposed tax scheme. 'It will affect more than just our personal incomes ...

  2. Impact on low-income families feared

    Posted Sep 01st 2006, 12:00am by Staff Reporter

    ... Zhuang Pinghui The government should have explored the likely impact of a goods and services tax (GST) on low-income families before launching the public consultation, the Civic Party said yesterday. But while others are calling for the scrapping of the consultation, the party is taking a wait-and-see stance on the GST. Speaking after meeting Chief Executive Donald Tsang Yam-kuen ...

  3. Raise wages, cut taxes to boost consumption

    Posted Dec 17th 2007, 12:00am by Wang Xiangwei

    ... implemented the US-style progressive personal income tax rates which rise to as much as 45 per cent for monthly incomes of 100,000 yuan. This prohibitive tax regime has become one ... Liaison Office in Hong Kong all breach the mainland laws technically as they pay only the local tax rate on their incomes and fail to declare their incomes to the mainland tax authorities. ...

  4. Incoming Ombudsman urged to be tough

    Posted Mar 10th 2009, 12:00am by Joyce Ng

    ... secretary for financial services and the Treasury and was responsible for promoting plans for a sales tax. 'I will do my utmost to serve the public by acting independently and fairly ...

  5. It is time for the government to bring in general services tax

    Posted Jan 17th 2011, 12:00am by Staff Reporter

    ... is to have a general services tax. At the moment, the government has to keep land prices high to ensure a recurrent income. This is not a clever way to ensure economic survival because one day all the land will be sold and your source of income dries up. This new tax would provide a steady flow of recurrent income. This is the right time to sell this services tax concept, and I believe ...

  6. Tax breaks urged with big budget surplus

    Posted Nov 30th 2011, 12:00am

    ... Peter So peter.so@scmp.com The accounting firm Ernst & Young has urged the government to allow taxpayers to deduct up to HK$200,000 from taxable income per year for mortgage principal or rental payments. Currently, eligible taxpayers are entitled to deduct up to HK$100,000 in mortgage interest payments from taxable income per year for 10 years. The government has also been urged ...

  7. Judge Hong Kong's government by how it treats taxpayers

    Posted Jun 06th 2007, 12:00am by Staff Reporter

    ... special administrative region is by design, not by accident. There are calls in Hong Kong to reduce income-tax rates, but why is a 15-per-cent rate better than a 17-per-cent rate? It is suggested ... more money, which is absurd. To justify any income-tax rate, there has to be a standard of taxation independent of how much money elected self-seekers and their civil-service henchmen want ...

  8. Tax credit

    Posted May 11th 2007, 12:00am by Staff Reporter

    ... Income from a plastic bag levy will go into the government's general revenue account, rather than being used for purposes like promoting recycling, under a charging plan. Is this right? Write to us. ...

  9. Taiwan cuts taxes in bid to revive economy

    Posted Mar 07th 2009, 12:00am by Lawrence Chung

    ... Lawrence Chung in Taipei Taiwan has cut corporate and individual income taxes as part of efforts to tackle the sagging economy. The cabinet approved a 5 percentage point cut in the corporate tax and a 1 percentage point reduction in individual income taxes, effective from next year. Vice-minister of Finance Chang Sheng-ford said: 'The cabinet has decided to cut the tax ...

  10. New taxes?

    Posted Nov 03rd 2004, 12:00am by Staff Reporter

    ... Financial Secretary Henry Tang Ying-yen has floated possible new tax measures, including a capital gains tax and one on overseas income. What do you think of these measures? Share your views: write to us. ...




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