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Results 1 - 10 of 2015 for stamp duty

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  1. HK$26.9b budget surplus anticipated

    Posted Dec 13th 2006, 12:00am by Dennis Eng

    ... Dennis Eng Government coffers are expected to be flush with cash at the end of the financial year, with stamp duty and investment income boosting the budget surplus to HK$26.9 billion, according to accounting firm PricewaterhouseCoopers. Much of the surplus would come from spending cuts of about HK$14.2 billion. Stamp duty would be about HK$6.2 billion higher than forecast thanks ...

  2. Duty left undone

    Posted Aug 17th 2006, 12:00am by Frank Ching

    ... day? This is an obligation of the government's- as much a duty as implementing Article 23 legislation. Why isn't the administration living up to its obligation? Since 1997, ... Council was little more than a rubber stamp. Sad to say, there are members of this august body who do not seem to mind being a rubber stamp. After all, if certain legislators absent themselves ...

  3. Stamps illustrate wealth of Chinese wisdom through the ages

    Posted May 23rd 2006, 12:00am by Patsy Moy

    ... Patsy Moy Hongkong Post will unveil a set of four stamps entitled 'Chinese Idioms and Their Stories' on Thursday, when the series goes on display at the General Post Office in Central. The stamps, which will also be displayed at Tsim Sha Tsui, Tsuen Wan and Sha Tin central post offices, will be officially issued on June 15. The series features a special postmark ...

  4. Media under orders to stamp out corruption

    Posted May 17th 2006, 12:00am by Staff Reporter

    ... for not publishing a negative story. Apart from his reporting duties, Meng had to generate 400,000 yuan in advertising revenue each year. Also in Zhejiang, Bu Jun was arrested along with colleague Cheng ...

  5. Banner year for stocks set to boost tax revenue

    Posted Dec 10th 2006, 12:00am by Staff Reporter

    ... said yesterday. 'I believe the income from stamp duty will exceed the target because the stock market is really robust. The daily trading volume has been around HK$40 billion, sometimes ... pressure in the next three to five years. But it would be up to Financial Secretary Henry Tang Ying-yen to decide if there would be any tax cuts in the next budget. The increase in stamp duty ...

  6. Surplus will be at least $10 billion, say experts

    Posted Feb 24th 2006, 12:00am by Dennis Eng

    ... Dennis Eng Higher-than-expected income from land premiums and stamp duty could inflate the government's budget surplus to at least $10 billion when the final results ... forecast assumed the government received no more revenue from charging land premiums between January and March this year, which was unlikely. He also stressed that stamp duty should come in better ...

  7. Housing body avoids millions in taxes on property purchases

    Posted May 10th 2006, 12:00am by Chloe Lai, Quinton Chan

    ... a lower rate of stamp duty, which can often be the difference between $100 and $15,000. The authority says it has filed this way since 2003. A spokesman said the practice was proper, adding ... avoidance. 'The authority must have saved tens of millions on stamp duty by using this practice,' she said. 'The Stamp Duty Ordinance states clearly that the price registered ...

  8. GST on our trade reverse step for HK, warn brokers

    Posted Jul 28th 2006, 12:00am by Ambrose Leung, Dennis Eng

    ... as the government already charged stamp duty on stock transactions. Mr Espina said the government had abolished estate duty, exempted offshore funds from paying profits tax and introduced other measures ... and derivatives, be exempt from the controversial levy. However, if investors have to pay GST on services provided by stockbrokers, they will be paying both stamp duty and GST to the government for each ...

  9. Cuts won't lift turnover, say brokers

    Posted Feb 23rd 2006, 12:00am by Enoch Yiu

    ... Enoch Yiu Brokers welcomed the proposal to cut the stock and futures trading levy by 20 per cent, but want the government to go further and consider reducing stamp duty to boost turnover. ... worth of stock transactions. This is far too little to encourage more market turnover,' Mr Espina said. The government should consider cutting the 0.1 per cent stamp duty paid ...

  10. HKEx may cut fees to fend off competition

    Posted Dec 08th 2006, 12:00am by Enoch Yiu

    ... overseas exchanges, according to chief executive Paul Chow Man-yiu. Mr Chow said the exchange has to review its fee structure and hopes the government also will cut stamp duty to ensure the Hong ... the exchange's view to urge the government to reduce stamp duty which now stands at 0.1 per cent on each transaction, the highest of all costs on stock trading. 'It would be a challenge ...




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