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  • November 26, 2014
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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. 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 ...

  3. 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 ...

  4. Unsold flats tipped to keep price rises down

    Posted Jan 22nd 2005, 12:00am by Peggy Sito

    ... Ernest Kong, Peggy Sito and Cheung Chi-fai Analyst predicts government will cut stamp duty to boost property sales Housing supply is tightening, new figures show, but with plenty of flats ... growth this year.' Mr Ngan expected the government to cut stamp duty to boost mass-market property sales. Housing minister Michael Suen Ming-yeung, meanwhile, told legislators: 'We ...

  5. Brokers cheer tax cuts, say more help is needed

    Posted Jan 07th 2005, 12:00am by Mark O'Neill

    ... a proposal to halve the stamp duty on stock trading from 0.2 to 0.1 per cent. The news did nothing to excite A-share markets yesterday. Both fell, with the Shanghai A-Share Index down 1.03 per cent ... stamp-duty cut would save the brokerage industry more than 100 million yuan in tax. 'It's good news for the market,' said Shen Yufei, an analyst at Citic Securities. 'The ...

  6. 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 ...

  7. 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 ...

  8. 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 ...

  9. 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 ...

  10. In Brief

    Posted Jul 09th 2005, 12:00am by Staff Reporter

    ... to President Hu Jintao, urging him to release Ching Cheong, chief China correspondent of The Straits Times of Singapore. Salaries taxes and duties raise surplus to $21.4b A $21.4 billion surplus has been recorded for the 2004-05 financial year, largely a result of additional receipts from land premiums, salaries tax and stamp duty. The surplus was $9.4 billion above the revised estimate ...




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