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  1. Middle class rages over rising super-rich class

    Posted Jul 11th 2007, 12:00am by Staff Reporter

    ... cleaners pay 20 per cent and the middle class pay 40 per cent on earnings over #30,000. Parliamentarians grilled three such private equity bosses, who conceded that tax breaks seemed unfair ...

  2. 'Six out of 10 mainlanders middle class by 2025'

    Posted Nov 23rd 2011, 12:00am

    ... Anita Lam anita.lam@scmp.com Six out of 10 mainlanders will be middle class with annual income of US$20,000 by 2025, and the resulting consumer demand will make China the world's largest economy, a JP Morgan executive says. Growth of the mainland's middle class will drive change in Beijing's economic strategy of 'pursuing growth at all costs' ...

  3. Middle class carries tax load while lack of competition favours rich

    Posted Dec 13th 2006, 12:00am by Jake Van Der Kamp

    ... by which the very rich escape higher tax loads, the fact remains that it is invariably the middle class that carries the real weight of this load and the working class that then further suffers ... class, who enjoy a high-flying lifestyle while the rest of Hong Kong struggles to make ends meet.' Letters to the editor, December 11 AND THEN THE letter writer summed up by paying me a nice ...

  4. Middle-class unease spurs tax-relief plea

    Posted Feb 21st 2006, 12:00am by Staff Reporter

    ... Staff Reporters The middle class became less satisfied with Hong Kong's macroeconomy in the second half of last year, a poll has found, prompting calls for tax relief. A survey carried out by the political group New Forum found the satisfaction index for the middle class's confidence in the macroeconomy dropped 16.3 points from 126.2 during the first half ...


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

    ... Dikky Sinn One middle-class family did not see much good news in the budget. The only benefit that health consultant Sylvia Lee Chan Wai-yee, 42, and her 47-year-old husband will enjoy ... adding the family would spend the extra money on travelling. 'The new allowances relieve the burden of everyone in society, but they are not only targeting the middle class,' said Mrs ...

  6. The middle-class family

    Posted Feb 23rd 2006, 12:00am by Chloe Lai

    ... works on the mainland. Ms Lee said the government should quickly introduce a tax allowance for children's education. 'This is the thing that the middle class needs the most,' she ...

  7. A modest saving for the middle class

    Posted Feb 23rd 2006, 12:00am by Jimmy Cheung

    ... Jimmy Cheung About 975,000 salaries taxpayers are to save $250 to $7,170 a year under a modest reduction of 1 percentage point in marginal tax rates. Financial Secretary Henry Tang Ying-yen said the concession, to cost $1.5 billion a year, would ease the burden on the middle class without narrowing the tax base. But he decided against a one-off rebate or reverting to the tax ...

  8. Little comfort to the middle class

    Posted Mar 23rd 2005, 12:00am by James Tien

    ... more to ease the tax burden on the middle class. In many ways, this was a budget for jobs. A lot of the ideas put forward are in line with proposals we submitted to Mr Tang in September, and we ... and timely to ease the burden on the middle class. Instead, we saw a rise in allowances for dependent parents and children, which was more of a consolation prize. We are not arguing for handouts ...

  9. PetroChina caught in the middle

    Posted Mar 25th 2008, 12:00am by Eric Ng

    ... as 8.4 per cent before ending 6.8 per cent lower at HK$9.17, while its A shares plummeted as much as 9.8 per cent before closing 3 per cent lower at 21.9 yuan (around HK$24.13). Both classes ... Canada, Middle East and Southeast Asia. The planned acquisition will be backdated to the start of this year, meaning income from such assets will be booked for the full year. PetroChina ...

  10. Blatant class politics

    Posted Nov 06th 2004, 12:00am by Albert Chen, Albert Cheng

    ... the Liberal Party and Democratic Party have chosen to press the government to reduce salary tax for the middle class from 16.5 per cent to 15 per cent. I call this move shameless. There has been ... They must be well aware that the government is in no position to lower salary tax rates, given the current deficit. They are doing this just to appease the middle class. Yet, in doing so, they have ...




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