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  • November 23, 2014
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  1. Sars outbreak cuts into rural income

    Posted Jul 28th 2003, 12:00am by Staff Reporter

    ... Migrant labourers see earnings fall 26pc in the second quarter year on year The Sars outbreak took a heavy toll on rural income on the mainland during the second quarter of the year, especially among the millions of migrant workers who lost their jobs in cities, according to the National Statistic Bureau. The average per capita income in rural areas for April to June was 412 yuan ...

  2. Wage calls grow as wealth gap widens

    Posted Jun 20th 2007, 12:00am by Staff Reporter

    ... of wage protection for the low-paid amid a migration of jobs to the mainland for the growing disparity. The latest household income statistics showed inequality in the city as measured ... wage legislation by itself was not a solution but would at least help to narrow the income gap. She also hoped the government could create more job opportunities. 'Sectors like logistics, ...

  3. Fair salaries for trainees urged

    Posted Aug 28th 2003, 12:00am by Staff Reporter

    ... Employers who will decide the salaries of graduate trainees on a government scheme were yesterday warned not to offer too little. 'You get what you pay for,' said Tsang Kin-woo, the Assistant Labour Commissioner. 'There is no rule saying ho ...

  4. Newcomers face the cruellest cuts

    Posted Mar 04th 2004, 12:00am by Staff Reporter

    ... Most people can shoulder a pay reduction, but when others do the same work for more, the inequality stings, writes C.K. Lau It is a case of 'one staff, two systems' or 'same job, unequal pay'. The row over plans by the Hospital Authori ...

  5. Tax fairness

    Posted Sep 02nd 2003, 12:00am by Staff Reporter

    ... on the poor, whose consumption as a proportion of income tends to be higher than that of the rich. The wages of many lower income workers have been cut over the past five years as a result of deflation. The finance chief has promised not to introduce a sales tax until after three years, by which time the poor will be unlikely to have seen their incomes rise to a level that would ...

  6. Foreign workers offered a way out of tax trouble

    Posted Mar 11th 2004, 12:00am by Staff Reporter

    ... Bei Hu The mainland government will offer foreign workers a one-off chance to clear up personal income tax arrears this year without incurring hefty penalty payments. The administrative concession recently approved by the State Council promises to improve enforcement of personal income tax with minimum disruption to companies' operations and cash flows, according to Ernst & ...

  7. A wage that's affordable, and affords a decent life

    Posted Apr 08th 2010, 12:00am by Staff Reporter

    ... Hong Kong is wealthy. On a global ranking of average per capita income, it stands seventh out of 181 economies, beside Switzerland, a notch below the US, and above Ireland, Canada, ... HK$6,864. This is below the Hong Kong Council of Social Service's poverty line for a single-income, two-person household. Such a rate would give 439,000 workers a pay rise; it would cost ...

  8. Banks lose shine among local business students

    Posted Jun 28th 2012, 12:00am

    ... Analysts have warned of a second round of job losses in the banking sector as low interest rates, slowing of initial public offerings and bond issues have squeezed banks' income. HSBC, ...

  9. Doctor's bill

    Posted Jun 13th 2004, 12:00am by Staff Reporter

    ... The government says a medical savings scheme to be unveiled this week will cover for life those who join in their 20s and give them a cash surplus. Contributions will be 2 per cent of income. How successful do you think the Health Protection Account, designed to assist tax-based health-care, will be? Share your views: write to us. ...

  10. A good tax

    Posted Sep 04th 2003, 12:00am by Staff Reporter

    ... income, a goods and services tax (GST) is inherently 'regressive' as the proportion of tax that is paid tends to be lower the higher the level of income. But this is not the only way to think of it. An equally strong argument could be made for GST being a very fair tax as the higher the spending, which tends to be so for the higher income group, the higher the tax paid. ...




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