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  • April 20, 2014
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  1. Business - Companies - ANALYSIS

    Citic's mega takeover deal comes as win-win for Beijing and Hong Kong

    Posted Mar 28th 2014, 01:40am by George Chen

    ... ago when Deng invited Rong Yiren to launch Citic Group, formerly known as China International Trust and Investment Corp, Beijing faced more or less the same challenges as it did with economic ... international standards. "Xiaoping told [Rong] three things: you are in charge of all decisions, you find whoever you want to hire and we will help you break and stay away from all administrative ...

  2. Red tape over double taxation causes confusion

    Posted Jul 03rd 2012, 12:00am

    ... Adrian Wan adrian.wan@scmp.com It was good news for many Hongkongers when new tax rules were launched last month that ease their double-taxation burden when they work on the mainland. ... of Taxation in May, after several years of lobbying for it by businesses. About 175,000 people based in Hong Kong- expats and Chinese alike- will benefit from the rule. Those who spend fewer than 184 ...

  3. Safeguarding the city's financial reputation

    Posted Feb 26th 2011, 12:00am by Staff Reporter

    ... While Hong Kong and international authorities may differ about the extent to which our city is implicated in cross-border financial crime, as a free port it has its attractions to money ... and the rule of law make it an attractive place to set up a firm. Inevitably, a minority with dubious backgrounds take advantage. Compliance with international standards of transparency poses problems, ...

  4. Investment fund seen as taxation

    Posted Oct 27th 2011, 12:00am

    ... Chris Davis In spite of being labelled a cornerstone of retirement savings in Hong Kong, voluntary contributions to the Mandatory Provident Fund (MPF) remain relatively low. Unlike Singapore and Australia, where the equivalent of the MPF has become part o ...

  5. Business - China Business - ART

    Chinese art buyers help Christie's to record sales year

    Posted Jan 22nd 2014, 05:02pm by George Chen

    ... yesterday. "Our Shanghai auction [in 2013] demonstrated that there is a strong demand for international art among our Chinese clients and 2014 will see us bringing more art [to China]," ... dented sales of global luxury brands in China, Murphy said: "We devote considerable resources to ensuring we comply with all local and international laws and regulations. Increasing public ...

  6. Diary

    Posted Mar 01st 2004, 12:00am by Staff Reporter

    ... will be announced, followed by an awards dinner, at the InterContinental Hotel. The Hong Kong General Chamber of Commerce hosts a Taxation Committee roundtable luncheon: 'Taxation and Transfer Pricing- An Update on EU Developments'. For details, visit www.chamber.org.hk Saturday, March 6, HK: The International Association of Business Communicators HK Chapter presents, 'Build ...

  7. Low taxation

    Posted Sep 25th 2003, 12:00am by Staff Reporter

    ... The impressive wealth of the city of Hong Kong has been created and accumulated through 160 years of low taxation, minimum government and business-friendly economic policies. Professor Latter's anti-business taxation policies run counter to the key factors of success in Hong Kong. Citizens and policy-makers in Hong Kong should read his opinions on taxation with great caution and suspicion. ...

  8. Business - Banking & Finance

    Regulation delay puts foreign banks in a spot in Shanghai free-trade zone

    Posted Jan 14th 2014, 08:51am by Jeanny Yu; George Chen

    ... investment," said McKinsey Asia chairman Gordon Orr in a research report this month. The so-called negative list has a number of restricted and prohibited projects and sectors for international ...

  9. face-to-face book

    Posted Jul 08th 2011, 12:00am

    ... Savanna College joins HKCEC International Education Expo Creative types and their families are invited to visit the Savannah College of Art and Design (SCAD) booth at the International ... Building, City University of Hong Kong. Details at http://bit.ly/lAMWS4. Seminar on China taxation Looking for a job in the financial services sector? Chances are you're going to need ...

  10. Expat trapped in HK over unpaid tax bill

    Posted Sep 20th 2009, 12:00am by Staff Reporter

    ... Daniel Sin While millions in tax revenue is written off each year as a result of expatriates fleeing the city, the experience of one Briton proves that getting on the wrong side of the Inland Revenue Department is not recommended. Bill Heywood, a plumbing and piping contractor, was stopped at Hong Kong International Airport last September when he was leaving the city after ...




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