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  1. Time ripe for unified tax rate

    Posted Jan 17th 2005, 12:00am by Staff Reporter

    ... Staff Reporter The time is ripe for a unified profit tax rate for domestic and foreign companies, a top finance official said yesterday. Vice-Finance Minister Lou Jiwei said China would ... regardless of the source of their capital, Mr Lou was quoted by Xinhua as saying at a conference in Beijing. He rejected a call for the government to delay the unification. He also stressed ...

  2. Tax-free threshold doubled in bid to close wealth gap

    Posted Oct 28th 2005, 12:00am by Jamil Anderlini

    ... widening income gap. 'The number of people who need to pay tax has been halved,' Finance Ministry Vice-Minister Lou Jiwei said at the Great Hall of the People in Beijing. Previously, 800 ... People's Congress also passed revised company and securities laws designed to encourage private enterprises, protect small investors and develop the nascent financial markets. Mr Lou said raising ...

  3. Law to unify tax rates pulled as ministries fail to reach agreement

    Posted Mar 11th 2005, 12:00am by Cary Huang

    ... the earliest a new tax law could be passed would be 2008. 'This is my most optimistic prediction,' Mr Cheng said. Finance Minister Jin Renqing, his deputy, Lou Jiwei, and the director-general ...

  4. Special profit tax may help address losses in refining sector

    Posted Nov 21st 2005, 12:00am by Eric Ng

    ... to the policy puzzle in the oil sector. Although Vice-Finance Minister Lou Jiwei's suggestion was played down by National Development and Reform Commission vice-chairman Zhang Guobao as merely ... Lou's suggestion for a special profit tax next year to be one way to finance proposed fiscal and taxation measures to re-balance the distribution of profits between the upstream and downstream ...

  5. Unified taxation plan for businesses delayed

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

    ... said. The debate between the two ministries became public recently, with officials openly providing different views on the issue. Finance Minister Jin Renqing and his deputy, Lou Jiwei, have ...

  6. Foreign investment at record high last year

    Posted Jun 25th 2005, 12:00am by Staff Reporter

    ... breaks for foreign companies. The income tax rate levied on domestic enterprises is 33 per cent, while foreign-funded businesses pay just 15 per cent. Vice-Finance Minister Lou Jiwei said ...


    Posted Nov 12th 2005, 12:00am by Staff Reporter

    ... Liu Xiang (below) was the biggest Chinese star to emerge from the Athens games. He is following in the footsteps of a generation of gold-medal winning pioneers, such as Xu Haifeng, Lou Yun, Deng Yaping, Wang Junxia and Wang Liping, who have entered into the pantheon of greats Xu Haifeng enjoys China's first-ever gold, in free pistol shooting, at Los Angeles 1984. Lou Yun ...

  8. 29 suspects arrested in Macau temple raid

    Posted Mar 04th 2005, 12:00am by Freda Wan

    ... is the largest arrest of organised crime members since the handover,' said Inspector Lou Iok-chun. 'We believe we have several major leaders in custody, and we have successfully dismantled the organisation.' The gang, with an estimated 100 members, had been operating under the guise of the Song I Sports Club, Inspector Lou said. It also runs the Song I Real Estate Agency. The gang had been ...

  9. HK men held after raid on Macau betting ring

    Posted May 24th 2005, 12:00am by Freda Wan

    ... Inspector Lou Iok-chun of Macau police said yesterday. The hi-tech operation, controlled by a Hong Kong criminal gang, began in Macau in 2003, Inspector Lou said. Police found two satellite dishes, many laptop and desktop computers, mobile phones, televisions, cash, chips and calculators. Inspector Lou said the sophisticated operation used the latest technology. 'First, they set up ...

  10. Villagers flee after massive rioting

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

    ... at the plants. The visit would be the first to the area by provincial-level environment officials, said Lou Tianmo, a spokesman at the Dongyang information office. Dongyang Mayor Tan Yong held meetings with residents from eight villages on Monday, Mr Lou said. 'The situation has calmed down. We told them that the factories would not reopen until they had reached acceptable environmental standards. ...




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