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  • July 10, 2014
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  1. It is time for the government to bring in general services tax

    Posted Jan 17th 2011, 12:00am by Staff Reporter

    ... of income. With this new tax, the government could do things like improve social welfare, build more public housing and lower income tax. After all, the services tax would not be aimed at people ... is to have a general services tax. At the moment, the government has to keep land prices high to ensure a recurrent income. This is not a clever way to ensure economic survival because one day all ...

  2. GST would spur public spending, Patten says

    Posted Jul 22nd 2006, 12:00am by Ambrose Leung

    ... Ambrose Leung Former governor urges the government to seek public backing before imposing the 'socially inequitable' tax Imposing a 'socially inequitable' goods and services tax would lead to more public spending, and the government should get public support before making such a 'brave decision', former governor Chris Patten said. Stressing he ...

  3. Business - Banking & Finance - FINANCIAL SERVICES

    Beijing is key to city's fund success

    Posted Apr 18th 2013, 12:00am by Enoch Yiu

    ... only about 300 are domiciled in Hong Kong with the rest in Europe. "BEA Union already has funds domiciled in Hong Kong for distribution to the public," she said. "It is our ...

  4. Magazines - Money - PRIVATE BANKING SERVICE

    In safe hands

    Posted Nov 19th 2012, 12:00am by Liana Cafolla

    ... private banks are developing ever more refined bespoke services, and even delving into clients' psyches to help hone their investment strategies. Private banks have always performed a myriad of services for their clients beyond mere banking. Among the private banks that pride themselves on listening closely to the needs and aspirations of their high-net-worth clients, some are developing ...

  5. HKT seeks to launch 4G services by July

    Posted Feb 28th 2012, 12:00am

    ... Bien Perez bien.perez@scmp.com HKT Trust and HKT, which owns the largest fixed-line network operator in the city, plans to launch high-speed 4G services before July after posting solid ... of new smartphones that could support the company's 4G network based on the standard called long term evolution would determine how quickly the service would be launched over the next few ...

  6. Service and efficiency get lost in maze of bank rules

    Posted Aug 26th 2011, 12:00am

    ... wanting to use a bank's brokerage services. I also had to sign a form to indemnify the bank and promise to adhere to the guidelines, and this required a separate witness. Second, I had ... on all the retail banks in Hong Kong following a public outcry over the Lehman Brothers minibonds saga. We could blame public opinion, the media or elected politicians for making a fuss over it. ...

  7. Taxpayers can look forward to lower bills

    Posted Feb 02nd 2012, 12:00am

    ... of Certified Public Accountants' taxation committee, said the government had not accepted suggestions for new allowances. 'We support the tax concessions,' Lau said. 'But... ...

  8. 'Nest egg' is not solution on its own

    Posted Jun 28th 2011, 12:00am

    ... a balanced portfolio requires investments with varied risk-return profiles, and work remains to ensure the wider public takes this message on board. The latter point is obvious from the results ...

  9. Proposal to raise retirement age dismissed as an old-hat trick

    Posted Jun 24th 2012, 12:00am

    ... People's Daily on Wednesday that the government had 'no immediate plans to defer [extend] the retirement age'. State-run newspapers usually shield ministries from public scrutiny, ... of pensions should be more transparent, and the public has the right to know why they have paid that much and where the money goes.' Meanwhile, People.com.cn, the website of People's Daily, ...

  10. Regulator to seek new ways to cut MPF fees

    Posted Jun 22nd 2012, 12:00am

    ... Gary Cheung gary.cheung@scmp.com The city's pension fund regulator will make suggestions, including the wider use of online services and simplifying procedures, to cut the management ... retired at 60 can withdraw money before early. During the public consultation that ended in March, the authority also sought views on granting exemptions on other compassionate grounds ...




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