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  1. Budget 2006: Personal Tax

    Posted Feb 23rd 2006, 12:00am by Staff Reporter

    ... ON PRUDENCE 'I have pointed out that Hong Kong will continue to be confronted with various challenges. In the face of these, as a government that manages public finances prudently and keeps expenditure within the limits of revenues, we should not rush into deciding on substantial tax reductions.' ON CONCESSIONS 'Being a government of the people, we need ...

  2. News - China - FINANCE

    Ex-wealth fund guru Lou Jiwei to be finance minister

    Posted Mar 17th 2013, 12:00am by REN WEI

    ... began his foray into the world of finance. Lou, known for his reformist outlook and preference for a market-oriented economy, was a deputy finance minister for 10 years before becoming head of China Investment Corp (CIC), the mainland's sovereign wealth fund, in 2007. His career has now turned a full circle with his appointment as finance minister. A close ally of former premier ...

  3. 'Sin' tax is an effective way to help finance public health care

    Posted Apr 07th 2008, 12:00am by Staff Reporter

    ... I have experience in the management and financing of health care in America and I am very interested in the future of Hong Kong's public hospital system since I am married to a Hong ... plans in many countries to finance public health care and supplement the private sector, intending to provide money so that people can gain access to doctors and medical services. Most of them ...

  4. Finance chief hints he will cut taxes

    Posted Feb 16th 2006, 12:00am by Ambrose Leung

    ... and married person's allowances were $108,000 and $216,000 respectively, and the standard rate of tax was 15 per cent. Those allowances are currently $100,000 and $200,000 respectively, ...

  5. Burden of tax honesty too much to bear if city trades away dodge

    Posted Jul 18th 2005, 12:00am by Jake Van Der Kamp

    ... with Jake van der Kamp 'Hong Kong is seeking a comprehensive double taxation treaty with the mainland that will reduce the tax burden for many companies, but could also open the way for both governments to share tax data.' SCMP, July 15 IF I COU ...

  6. Shanghai to tax new homes to cool market

    Posted Jan 20th 2011, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai Shanghai will impose a property tax on newly bought homes rather than all apartments, taking a go-slow approach to cool the red-hot real estate sector, according to consultancy Colliers International. The city would levy a 0.5 to 0.6 per cent tax on the value of new properties if per-person ownership exceeded 60 to 70 square metres, said Michael Cole, a director ...

  7. Advances on transparency, but a way to go yet

    Posted Mar 08th 2011, 12:00am by Ed Zhang

    ... With the working class contributing most of the mainland's personal income tax revenue, there is widespread concern about the way that money is being managed and growing demands for increased transparency of government finances. In theory, all organisations sustained by public funds- from the Communist Party to the judiciary, governments at all levels, semi-official trade unions ...

  8. Two more cities join Beijing in tax on foreigners

    Posted Jan 09th 2012, 12:00am

    ... the long-delayed social security tax on non-Chinese employees, according to a person close to the situation. The law was supposed to take effect nationwide on October 15, but Beijing was the only city ... to implement it. But even in Beijing the implementation has been chaotic, the person said. In Chaoyang district, for instance, the local government issued a memorandum at the end of 2011 informing ...

  9. Beijing may bring steel tax breaks back to life

    Posted Aug 01st 2012, 12:00am

    ... or exempt the tax on steel used in export products to encourage users to replace steel imports with domestic products, the Shanghai Securities News reported yesterday, citing a person close ...

  10. News - Hong Kong - ECONOMY

    Finance chief John Tsang warns against ignoring Hong Kong's pillar industries

    Posted Dec 31st 2012, 12:00am by NG KANG-CHUNG

    ... Ng Kang-chung kc.ng@scmp.com Finance chief warns against 'blind' pursuit of new sectors to boost growth and says failure to balance the books could lead to tax increases ... pillar industries- finance, logistics and trade, tourism, and professional services. His comments- ahead of Chief Executive Leung Chun-ying's maiden policy address- were challenged ...




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