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  • April 17, 2014
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  1. Officials should stop saying that subsidy will help low-income families

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

    ... 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 low-income families, then measures should be targeted for their benefit alone. Laura Ruggeri, chairperson, Living Lamma ...

  2. 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 ...

  3. 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 ...

  4. Putting faith in government iBonds is more iDiocy

    Posted Apr 24th 2012, 12:00am

    ... Jake van der Kamp There is a debt instrument that yields more than 6 per cent. It is simple, transparent, low fee, and involves no currency risk. It is easily traded on the Hong Kong exchange. The issuer is rated triple A (Standard & Poor's). It ...

  5. 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 ...

  6. 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. ...

  7. News - Hong Kong - BUDGET

    Long-term focus is on next budget agenda, says John Tsang

    Posted Nov 26th 2012, 12:00am by Dennis Chong

    ... Chun-wah also wrote on his blog yesterday that there was a misconception that the government relied on high land prices to maintain a stable income. And he said the government had never been ... or land premium proceeds only amounted to 15 per cent of total income, citing an earlier forecast for this fiscal year. "Some people believe selling land is a major source of income [for ...

  8. Comment - Insight & Opinion

    China needs bold reform to counter slowdown in fiscal revenue growth

    Posted Apr 25th 2013, 12:00am by Hu Shuli

    ... it has risen to above 35 per cent of income. Officials should stop trying to explain why the current tax level is reasonable, and do more to better manage people's wealth. To improve its fiscal position, a government must either raise its income or cut its expenses. Today, China can try to cut unnecessary expenses, allocate funds more sensibly, and ensure they are efficiently ...

  9. Comment - Insight & Opinion

    John Tsang lacks budgetary vision for better education in Hong Kong

    Posted Mar 17th 2013, 12:00am by Regina Ip

    ... society. Contrary to some popular conjecture that we have an "M-shaped" society, a bell curve showing Hong Kong's real income distribution from 1991 to 2011 shows that the percentage of mid-range income remained the same between 1991 and 2001, but increased significantly between 2001 and 2011. Our society has become richer, but discontent has increased as disparities widened. ...

  10. News - Hong Kong - BUDGET

    Hong Kong political, charity groups urge using budget surplus on poor

    Posted Feb 18th 2013, 12:00am by JOANNA CHIU AND PHILA SIU

    ... (SoCo). The term "n-nothing" refers to low-income people who do not receive any form of government assistance. Chiu carried a large placard depicting a pudgy, naked Tsang grinning ... party's recommendations for ways to allocate the surplus to assist low-income people. The list included increasing rent and utility subsidies, waiving property taxes, establishing daycare centres ...




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