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  1. Good economy expected to boost income tax take

    Posted Sep 16th 2005, 12:00am by Dennis Eng

    ... of response. On provisional taxes, she said individuals only had the right to pay less if their income had declined by at least 10 per cent year on year. If their wages had risen or the decrease ... Dennis Eng The robust economy is expected to boost government receipts of salaries and profit tax this financial year by almost $4 billion compared with the previous year. Inland Revenue ...

    http://www.scmp.com/article/516473/good-economy-expected-boost-income-tax-take
  2. Taxing the rich, easing burden of the poor is what we already do

    Posted Sep 06th 2005, 12:00am by Jake Van Der Kamp

    ... fiscal year and the next 100,000, 18 per cent. The top 300,000, comprising less than 10 per cent of the working population, accounted for 85 per cent of salaries tax income. Let us put ... are rising, which will on its own bring more people into the tax net. It may be so, but the effect will be only marginal. I grant you that there might be justification for it if income disparity has ...

    http://www.scmp.com/article/515080/taxing-rich-easing-burden-poor-what-we-already-do
  3. First-half fiscal revenue rises 33.3pc as tax income surges

    Posted Aug 08th 2008, 12:00am by Staff Reporter

    ... Jasmine Wang Mainland fiscal revenue grew 33.27 per cent in the first half of the year, thanks to a strong rise in corporate income tax and import duties. Economists said the strong fiscal ... revenue, was 3.26 trillion yuan in the first half, representing 93.68 per cent of fiscal revenue. Corporate income tax shot up 41.5 per cent to 791.27 billion yuan. Import duties jumped 34.7 per ...

    http://www.scmp.com/article/648287/first-half-fiscal-revenue-rises-333pc-tax-income-surges
  4. NPC panel urges tax easing as growth slows

    Posted Jul 24th 2008, 12:00am by Cary Huang

    ... Cary Huang in Beijing A powerful national legislative committee has proposed that the central government cut taxes on interest from savings deposits and raise the income tax threshold ... The committee said raising the threshold for personal income tax and cutting savings deposit interest tax would help increase real incomes. The Ministry of Finance raised the personal monthly income tax ...

    http://www.scmp.com/article/646372/npc-panel-urges-tax-easing-growth-slows
  5. Tax breaks at risk as single rate looms

    Posted Mar 21st 2006, 12:00am by Staff Reporter

    ... Bei Hu Mainland officials still undecided on a proposed five-year transition period for foreign-invested firms China's move to unify the corporate income tax rate may spell ... The government plans to submit a draft bill on a unified corporate income tax rate of between 25 per cent and 27 per cent to the standing committee of the National People's Congress by August after ...

    http://www.scmp.com/article/541254/tax-breaks-risk-single-rate-looms
  6. Tax cut the wrong move during a serious economic crisis

    Posted Nov 26th 2008, 12:00am by Staff Reporter

    ... On the other hand they ask for reductions in the levels of income tax in Hong Kong. At a time when many sources of government revenue are being substantially reduced, in particular those related to the financial markets, there is no valid reason to reduce our already light tax level in comparison to other jurisdictions' tax burden. There are many employees whose fixed incomes ...

    http://www.scmp.com/article/661493/tax-cut-wrong-move-during-serious-economic-crisis
  7. New tax structure levels the playing field

    Posted Mar 13th 2007, 12:00am by Sherman So

    ... Sherman So Although the official corporate income tax rate in the mainland is 33 per cent, the actual tax rates for domestic and foreign-invested firms vary. Foreign firms registered in designated development zones enjoy a 15 per cent tax rate. They are also entitled to a 'two-year exemption, three years in half' (0 per cent in the first two years and 7.5 per cent ...

    http://www.scmp.com/article/584758/new-tax-structure-levels-playing-field
  8. New tax structure levels the playing field

    Posted Mar 13th 2007, 12:00am by Sherman So

    ... SHERMAN SO Although the official corporate income tax rate in the mainland is 33 per cent, the actual tax rates for domestic and foreign-invested firms vary. Foreign firms registered in designated development zones enjoy a 15 per cent tax rate. They are also entitled to a 'two-year exemption, three years in half' (0 per cent in the first two years and 7.5 per cent ...

    http://www.scmp.com/article/584869/new-tax-structure-levels-playing-field
  9. Thousands of home sellers now facing tax collection fears

    Posted May 30th 2007, 12:00am by Peggy Sito

    ... after the ruling was announced, Luwan district withdrew it and reverted to the optional scheme. The central government has imposed a 20 per cent capital gains tax as personal income tax in the middle of last year, but Shanghai has not strictly enforced the ruling. In general, sellers in Shanghai have an option to pay 1 or 2 per cent of the transaction price as personal income tax ...

    http://www.scmp.com/article/594764/thousands-home-sellers-now-facing-tax-collection-fears
  10. Price stability to be given higher priority

    Posted Mar 08th 2011, 12:00am by Cary Huang

    ... for China's continuing restructuring of its consumption-based economy and the stock markets,' Hong said. Xie said the State Council reached an in-principle agreement on income tax reform proposals but details would only be disclosed later. The council said last week that it planned to raise the minimum threshold for personal income tax and adjust income tax brackets aimed ...

    http://www.scmp.com/article/740199/price-stability-be-given-higher-priority

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