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  • October 2, 2014
  • Last updated: 6:52pm
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  1. Business - Economy

    Wealthy win lion’s share of major tax breaks

    Posted May 30th 2013, 11:06am by AP

    ... Associated Press in Washington More than half the benefits of 10 major tax breaks go to the one-fifth of US households at the top of the income scale, according to the Congressional Budget ... More than half the benefits of 10 major tax breaks go to the one-fifth of US households at the top of the income scale, according to the Congressional Budget Office. The top 1 per cent ...

  2. News - World - ITALY

    Italian court fines Dolce & Gabbana for hiding millions in income

    Posted Apr 02nd 2013, 12:00am by AFP

    ... billion) plus interest for failing to declare millions of euros in revenue to tax authorities, local media reported. The international fashion giant, whose celebrity clients include Beyonce ... thereby avoiding paying Italian taxes of around €420 million. Prosecutors have argued that setting up the Luxembourg company Gado- an acronym of the surnames of the two designers- while ...

  3. Business - China Business - INVESTMENT

    Tax breaks no longer the best lure for business in Jing-Jin-Ji plan

    Posted Sep 10th 2014, 04:05am by Victoria Ruan

    ... growth of local industries. But some Hebei officials still complain about the decision to allow Beijing to enjoy the majority of income taxes paid by Shougang, which has played an important role ... Jing-Jin-Ji idea needs 'effective tax plan' The mainland should revamp its traditional way of luring business and investment through favourable taxes for the new, so-called ...

  4. News - Hong Kong - WELFARE

    Overhaul tax to fund pension scheme: expert

    Posted Sep 01st 2014, 05:55am by Phila Siu, Jennifer Ngo

    ... and Canada, included a means test in their pension schemes. A universal pension plan relying on higher taxes on salaries rather than on profits would provide a more stable, predictable income, said ... Phila Siu and Jennifer Ngo Overhaul tax to fund pension scheme: expert Hong Kong needs to change its tax system to ensure the city can support a proposed new pension scheme, a former head ...

  5. News - Hong Kong - WELFARE

    Sales tax mooted to fund pension for all

    Posted Aug 25th 2014, 05:31am by TIMMY SUNG

    ... that this would be a good time to review the city's tax system, and that taxing goods and services would be one way for the government to boost its income. Such a tax could "not only fund ... Timmy Sung timmy.sung@scmp.com Commission on Poverty member says reviving the idea of a goods and services tax can pay for proposed HK$3,000 per month subsidy Tax on sales mooted to fund ...

  6. Comment - Insight & Opinion

    Governments take wrong approach in raising income taxes

    Posted Jan 10th 2013, 12:00am

    ... SCMP Editorial Punishing the job creators French President Francois Hollande's threatened income tax of 75 per cent for the wealthiest citizens has driven actor Gerard Depardieu ... of earnings to the taxman. America's top earners will be slugged 39.6 per cent of their income this year, 4.6 percentage points more than last, under the fiscal cliff deal agreed to by the US ...

  7. Sport - China - BOXING

    I didn't hide anything: 'Honest' Manny Pacquiao wins tax reprieve

    Posted Aug 25th 2014, 02:14pm

    ... against the Philippines tax authorities, giving him a boost ahead of his next title fight against American Chris Algieri in Macau in November. The eight-time world division champion has been waging a year-long war with Philippines authorities on charges of tax evasion, even though the 35-year-old Filipino insists his income taxes have been fully paid in the United States. Pacquiao ...

  8. News - World - FRANCE

    France's top court annuls 75pc income tax

    Posted Dec 30th 2012, 12:00am by AFP

    ... Agence France-Presse in Paris Top court annuls 75pc tax rate, in blow to Hollande France's highest court yesterday struck down a 75 per cent upper income tax rate, dealing a major blow to Socialist President Francois Hollande, who had made it his centrepiece taxation measure. The government vowed to push ahead with the tax rate, which would apply to incomes over €1 ...

  9. Sport - Other Sport - RIGHT FIELD TIM NOONAN

    College athletes deserve income

    Posted May 10th 2014, 10:52pm by Tim Noonan

    ... Tim Noonan NCAA's iniquitous system of preserving players' amateur status amounts to little more than cynical exploitation College athletes deserve income Someone is about to get ... winners, once again, were the folks at the National Collegiate Athletic Association (NCAA). Imagine running a multibillion-dollar company with a tax-exempt status and virtually zero labour costs. ...

  10. Income tax plans find little favour

    Posted Mar 09th 2006, 12:00am by David Marsh

    ... David Marsh in Hanoi For the first time, most citizens will pay Having survived war and decades of poverty, Vietnamese citizens are now facing a more common scourge: income tax. Vietnam's Ministry of Finance has announced plans to eliminate the minimum salary level, currently about US$325 a month, at which income taxes are payable. The move means income taxes will now ...




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