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  • November 28, 2014
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  1. State Council to consider tax plan to help less well-off working classes

    Posted Feb 28th 2011, 12:00am by Staff Reporter

    ... Zhuang Pinghui The State Council will discuss on Wednesday changes to the nation's system for income tax deductions designed to help medium- and low-income individuals, Premier Wen ... of individual income tax. After Wednesday's cabinet discussion, the plan will be sent to the National People's Congress for review. The NPC's annual session is set to start on Saturday. ...

  2. Families feel squeeze as inflation eats into income

    Posted Feb 22nd 2012, 12:00am

    ... Dennis Chong and Ada Lee Hong Kong's high-income and middle-class groups have expanded over the past decade, but families are earning less because inflation offset gains in income ... The Census and Statistics Department said the median monthly household income rose from HK$18,710 in 2001 to HK$20,500 last year. About 23 per cent of households, or more than 550,000, had a monthly ...

  3. More cash for low-income housing

    Posted Feb 08th 2012, 12:00am

    ... Ed Zhang in Beijing ed.zhang@scmp.com The Ministry of Finance has pledged more funding this year to build homes for low-income households. The ministry has recommended a variety ... and corruption in the distribution of subsidised apartments. 'Fair distribution is key to the success of low-income housing and is the lifeline of its sustainability. It is also an important test ...

  4. Record number of people living under poverty line

    Posted Sep 28th 2009, 12:00am by Austin Chiu

    ... data. The poverty rate was 17.9 per cent in the first half of the year, compared with 17.6 per cent last year. The definition of poverty in the study involves people earning an income equal to or less than half the median monthly domestic household income, which is set according to the number of members in a family. The median for the first half of 2009 was HK$3,300 for a single-member ...

  5. Low-income windfalls

    Posted Oct 13th 2011, 12:00am

    ... food bank to help low-income earners to tackle inflation. The government will pay two months' rent for around 700,000 public housing tenants. People under the Comprehensive Social Security ... low-income families and new immigrants. Tsang plans to use HK$100 million to increase food variety and provide fresh produce. Nelson Chow Wing-sun, from the University of Hong Kong's Social Work ...

  6. Children in low-income families are undernourished, Oxfam says

    Posted Oct 04th 2011, 12:00am

    ... Joyee Chan Low-income families cannot afford nutritionally balanced meals owing to rising food prices, a study by Oxfam has found. Local representatives of the international rights group ... of Health. To meet their nutrition needs, families have to spend HK$47.50 a day on children aged six to 12 and HK$66.60 on adults, Oxfam said. Yet low-income families spend between HK$17.50 ...

  7. Law spares 60m from income tax

    Posted Sep 01st 2011, 12:00am

    ... Ed Zhang ed.zhang@scmp.com The mainland's new personal income tax law, which takes effect today, exempts 60 million people from paying the tax. The new rules, passed on July 27 by the Standing Committee of the National People's Congress, raise the threshold for taxable personal income from 2,000 yuan (HK$2,440) per month to 3,500 yuan, after the worker's contribution ...

  8. Higher threshold for income tax stays

    Posted Jun 28th 2011, 12:00am

    ... Cary Huang in Beijing cary.huang@scmp.com The top legislature has endorsed raising the income threshold for paying income tax from 2,000 yuan (HK$2,400) to 3,000 yuan a month, facing down ... the measure in its first reading two months ago. Lawmakers will deliberate for a second time on the draft changes to the Personal Income Tax Law in a three-day meeting that began yesterday. However, ...

  9. We must not define relative poverty or wealth in terms of income alone

    Posted Mar 27th 2011, 12:00am by Staff Reporter

    ... of 2010, 1.26 million people were living in 'poverty', which it defines as a households with income of less than half the median household income for each size of household. Household income is defined as all cash income, including welfare handouts but excluding non-cash subsidies. Household size includes children, retirees and others who are not working. This definition ...

  10. Census to seek insight into extra income

    Posted Jun 24th 2011, 12:00am

    ... Simpson Cheung simpson.cheung@scmp.com For the first time residents will have to give a detailed breakdown of their earnings other than basic salary, in the census starting next week. The population survey, which will run from Thursday to August 2, will a ...




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