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Results 1 - 10 of 2004 for stamp duty

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  1. China cuts stamp duty to revive stock slump

    Posted Jan 25th 2005, 12:00am by Elaine Chan

    ... Elaine Chan The mainland yesterday halved its stamp duty for stock transactions in another attempt to revive a protracted slump as the country resumes new initial public offerings. ... Commission announced the resumption of new listings on January 15 after a five-month suspension. Hong Kong-listed Huadian Power International was the first. Analysts said the latest stamp duty cut ...

  2. Estate duty may cease

    Posted Oct 08th 2005, 12:00am by Staff Reporter

    ... of about $1.5billion, the additional revenue from stamp duty and other taxes should compensate for the tax gap. ... and regionally is a plan to abolish estate duty. With the majority of interested parties consulted supporting the abolition, if the bill is passed, the government hopes it will draw a significant portion ...

  3. Shut duty-free tobacco shops

    Posted Aug 28th 2005, 12:00am by Staff Reporter

    ... It makes sense to increase the tobacco tax, eliminate duty-free tobacco shops at the airport and the mainland border, and remove the duty-free allowance on tobacco for travellers. Why ... As for the propaganda, spouted even by the financial secretary, that increasing tobacco taxes causes smuggling, this is, of course, rubbish. Smuggling happens because we do not require a stamp of the date ...

  4. Britain's Tories pledge tax cuts for first-time buyers

    Posted Apr 27th 2005, 12:00am by Richard Warren

    ... Richard Warren in London Threshold on stamp duty to be raised if Conservatives win the UK election Hong Kong buyers of British properties valued under GBP250,000 ($3.73 million) can save ... struggling to find affordable homes in an expensive housing market. Each of the three main parties is tempting first-time buyers with cuts in stamp duty on lower-priced homes. Investors, including ...

  5. Salaries, profits taxes hit record high

    Posted May 04th 2005, 12:00am by Dennis Eng

    ... The rosy numbers also extended to stamp duty income, which increased 40.96 per cent to $15.85 billion. There was also a 6 per cent rise in duties paid on stock market transactions, which grew to nearly $6.4 billion. Mrs Lau noted that the strong results reflected an active property market. She said half the property transactions subject to stamp duty in 2003-04 were valued at more than ...

  6. City Briefs

    Posted Jul 26th 2005, 12:00am by Staff Reporter

    ... after midnight. The man, 40, was stable and the woman, 38, in serious condition in Princess Margaret Hospital. Stamps depicting Chinese inventions on sale soon The Post Office will issue a set of four stamps on August 18 to celebrate ancient Chinese inventions. The $1.40 stamp depicts the compass, $2.40 printing, $3 gunpowder, and $5 paper-making. The General Post Office and Tsim Sha ...

  7. In Brief

    Posted Mar 31st 2005, 12:00am by Staff Reporter

    ... increase the government's revenue from stamp duty, due to the expected flow of funds into the local stock market. ... but said it would develop step by step. Abolition of duty set to boost foreign investment Secretary for Financial Services and the Treasury Frederick Ma Si-hang said the government would make ...

  8. Budget 2005

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

    ... revenue from stamp duty and other taxes.' TOURISM 'Over the next two years... the Hong Kong Tourism Board will launch a series of strategic global publicity and promotion programmes. ... ESTATE DUTY 'It is impossible for us to give an accurate estimate of the amount of foreign and domestic investment that will be induced if estate duty is abolished. Nonetheless, we ...

  9. X-ray sees through smugglers' tricks

    Posted Apr 12th 2005, 12:00am by Clifford Lo

    ... bought duty-free in Hong Kong, customs officers say. The cigarettes, which were stamped HKDNP- Hong Kong duty not paid- had been exported to the mainland through legal channels, they said. Lok Ma Chau control point divisional commander Sara Ho Fong-lei said smuggling duty-free cigarettes back into Hong Kong was a common ruse used by smugglers. 'It is a ploy to escape taxes in Hong ...

  10. HK in premium position

    Posted Feb 16th 2005, 12:00am by Richard Warren, Sandy Li

    ... Some freeholders offer leaseholds, whereby buyers can use the land as their own for decades or centuries, depending on the deal struck. Owners are required to pay land stamp duty tax and capital gains tax to the central governments. The British government raised GBP4.5 billion ($66.15 billion) in stamp duty in the 2003/2004 tax year. This compares with the total revenue from all ...




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