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  1. CE's remuneration to remain unchanged until 2007: commission

    Posted Jun 09th 2005, 12:00am by Staff Reporter

    ... LAI YING-KIT Updated at 4.58pm: The remuneration package for the top job in Hong Kong would remain unchanged until July 2007- when the third Chief Executive assumes office, an independent commission report said on Thursday. The Independent Commission on R ...

  2. Mixed reaction to increasing the threshold for income tax

    Posted Aug 27th 2005, 12:00am by Cary Huang

    ... income tax. The Standing Committee is debating two amendments to the Personal Income Tax Law, one of which would raise the taxable threshold from the current 800 yuan a month to 1,500 yuan. Jie ... yuan a month. They argued that many middle-income earners- those earning about 2,000 yuan a month- would be caught in the tax net if the new threshold was set at 1,500 yuan. Shi Guangsheng, ...

  3. Lenders tweak their funds as income falls and demand changes

    Posted Aug 20th 2005, 12:00am by Staff Reporter

    ... Kelvin Wong The interim results posted by banks in the past three weeks have been highlighted by a slowdown in fee and commission income growth. This is in stark contrast to past reporting seasons when rapidly falling interest income forced lenders to diversify, producing some stunning figures under non-interest income. Bank of China (Hong Kong) has been one of the biggest victims ...

  4. Income tax proposal met with mixed views

    Posted Sep 28th 2005, 12:00am by Cary Huang

    ... Cary Huang in Beijing When the national legislature threw the hot issue of personal income tax reform to a handful of carefully selected participants at its maiden public hearing yesterday, half of those present called for a higher income tax threshold. Drawn from 4,982 applicants, the 20 participants at the hearing included people from a range of social backgrounds across ...

  5. Changes to income tax law target the wealthy

    Posted Sep 30th 2005, 12:00am by Cary Huang

    ... Cary Huang in Beijing Beijing aims to draw the country's millionaires into its tax net by changing the income tax law, according to a senior Ministry of Finance official. Jia Kang, director of the ministry's Research Institute for Fiscal Science, said loopholes meant most millionaires escape paying personal income tax. Amendments to the Personal Income Tax Law, submitted ...

  6. Income gap endangers stability, expert warns

    Posted Jun 21st 2005, 12:00am by Staff Reporter

    ... Staff Reporter China's income gap is poised to widen even further, a leading sociologist said yesterday, warning that it will threaten social stability. Ding Ningning, the head ... by the National Bureau of Statistics that showed China's income gap widened in the first quarter, with 10 per cent of the nation's richest people controlling 45 per cent of the wealth, while its ...

  7. Majority want higher income tax threshold

    Posted Aug 30th 2005, 12:00am by Cary Huang

    ... Cary Huang in Beijing The State Council proposal is welcomed but 1,500 yuan threshold called too low The State Council's proposal to raise the personal income-tax threshold to 1,500 ... threshold for the entire country might not be a good idea, as incomes and living standards varied significantly. The surveys were conducted before the National People's Congress Standing ...

  8. Incomes, spending continue to surge

    Posted Oct 29th 2005, 12:00am by Cary Huang

    ... Cary Huang in Beijing Efforts to stimulate consumption to spur economic growth paying dividends Personal income and private consumption in mainland cities continued to register ... the bureau said, with total city employment reaching 111 million. Total per capita urban disposable income in the first nine months rose 11.7 per cent year on year to 7,902 yuan. Adjusted ...

  9. Mortgage body looks to diversify income line

    Posted Dec 13th 2005, 12:00am by Staff Reporter

    ... will generate income from other business streams, Mr Or said. 'We started to diversify our business to a fee income business many years ago,' he said. Sunny Cheung Yiu-tong, director and head ...

  10. Life-saving drugs could cost 40pc of income

    Posted Jun 07th 2005, 12:00am by Polly Hui

    ... of their annual disposable income for four types of expensive life-saving drugs, according to a Hospital Authority source. The proposed assessment criteria for the Samaritan Fund, a charity that provides subsidies for the purchase of costly drugs, will be based on the net income and assets of applicants. It will be modelled on the mechanism for legal aid. Under the proposal, the $200 million fund ...




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