• Tuesday
  • September 23, 2014
  • Last updated: 3:59pm
Hong Kong




Search Results

Results 1 - 10 of 441 for income tax

Related topics matching your search

Search results

  1. 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 ...

  2. 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 ...

  3. 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 ...

  4. Officials should stop saying that subsidy will help low-income families

    Posted Mar 13th 2011, 12:00am by Staff Reporter

    ... subsidy. This makes me ashamed of living in Hong Kong. I will not be paying for the electricity I use, and yet my money will still end up in the pockets of utilities shareholders through the taxes ... will help low-income families. Poverty cannot be alleviated by allowing low-income families to keep the TV on all day and setting their aircons at freezing temperatures. If the intention is to help ...

  5. Business - Comment - MONITOR

    Let's stamp out this talk about Hong Kong's narrow tax base

    Posted Mar 14th 2013, 12:00am by Tom Holland

    ... and profits taxes mean Hong Kong's public finances are overly exposed to swings in the city's notoriously volatile economy. As the economy turns down, income falls just when the government ... the tax-paying base to the population at large and provide a steady income stream in both good times and bad. Financial Secretary John Tsang Chun-wah indicated as much in his budget speech last month. ...

  6. 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 ...

  7. Tax discounts in western regions to continue

    Posted Aug 06th 2011, 12:00am

    ... Stephen Chen binglin.chen@scmp.com The central government has decided to extend a policy that allows most enterprises in western regions to enjoy big corporate income tax discounts ... investment in basic infrastructure, Beijing also launched a package of favorable economic policies in 2000 to encourage private and foreign investment. The lower corporate income tax has been ...

  8. News - Hong Kong - BUDGET

    PwC pushes for tax breaks, relief measures in Hong Kong budget

    Posted Jan 09th 2013, 12:00am by LAUREN HO

    ... Lauren Ho lauren.ho@scmp.com PwC expects a HK$28.7b surplus and calls on John Tsang to provide some relief measures Accountants push for tax breaks A top accounting firm urged the government to offer more tax concessions and relief measures in the budget as it forecast a surplus of up to HK$28.7 billion in the current financial year, thanks to a windfall from land sales. ...

  9. 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 ...

  10. Property and shares tax reforms could have helped the poor

    Posted Oct 18th 2007, 12:00am by Staff Reporter

    ... Clearly, in the policy address, Donald Tsang Yam-kuen rewarded his high-income and anti-democracy supporters by cutting their income and corporate taxes, while he chose to ignore ... more to help the poor. To begin with, Hong Kong does not get any tax revenue from profits made through the sale of shares and property. These transactions form the main source of income ...




SCMP.com Account