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  1. Comment on stamp duty rise 'a mistake'

    Posted Jun 07th 2007, 12:00am by Staff Reporter

    ... Guo Aibing in Tianjin Some government officials may have made a mistake by commenting on the stamp duty rise before the release of the new policy, a senior mainland central banker suggested yesterday. The Ministry of Finance last week tripled the stamp duty on stock transactions in a move to curb the market rally. That came just a few days after another official denied ...

  2. Cut in stock trading stamp duty may be far from Donald's mind

    Posted Oct 09th 2007, 12:00am by Enoch Yiu

    ... for- a reduction in the 0.1 per cent stamp duty on stock transactions- may be a long time coming. Stamp duty may be too much of a goose that lays the golden egg for Mr Tsang to tinker with. ... levies stamp duty of 0.1 per cent on both the buying and selling of shares, while it exempts warrant and option trading. The sizzling market means stamp duty may total HK$30 billion this year- ...

  3. Stamp duty cut and rates waiver to boost home sales

    Posted Mar 01st 2007, 12:00am by Klaudia Lee, Peggy Sito

    ... Peggy Sito and Klaudia Lee The reduction in stamp duty, and a rates waiver will stimulate the mass housing market, luring more potential buyers, say developers and property agents. Cheung Kong (Holdings) chairman Li Ka-shing welcomed the reduction on stamp duty from 0.75 per cent for properties valued between HK$1 million and HK$2 million to a payment of HK$100, predicting ...

  4. Stamp duty rise tips markets into downturn

    Posted May 31st 2007, 12:00am by Staff Reporter

    ... the stamp duty paid on share trades- its most decisive action yet to cool months of frenzied speculation that has sent the bourses to record highs. At one point the benchmark Shanghai Composite ... the stamp duty hike. The Shanghai index will seek bottom at around 3,000 in June,' said Wang Sheng, a strategist at Haitong Securities, based in Shanghai. 'A meaningful correction ...

  5. DAB seeks easing of rules on stock listings and cuts in stamp duty

    Posted Jan 03rd 2007, 12:00am by Klaudia Lee

    ... financial centre. The Democratic Alliance for the Betterment and Progress of Hong Kong also urged the government to cut stamp duty on share transactions, which stands at 0.1 per cent on each deal- ... jurisdictions are assessed on a case-by-case basis, a HKEx spokesman said. From January to October last year, the government received HK$12.7 billion from stamp duty on share trades. The DAB said ...

  6. Buyers jump on stamp duty cut

    Posted Mar 07th 2007, 12:00am by Sandy Li, Yvonne Liu

    ... the government's reduction in stamp duty and a waiver of rates. However, some analysts have thrown doubts over the rosy forecast, predicting that the tax cut's impact might not be as strong ... to the cut in stamp duty. In Financial Secretary Henry Tang Ying-yen's budget speech on February 28, stamp duty on property transactions worth HK$1 million to HK$2 million will be cut from 0.75 ...

  7. Chatroom backlash

    Posted Jun 01st 2007, 12:00am by Staff Reporter

    ... Selected comments on Wednesday's stamp duty increase- How would the Chinese government feel if the International Olympic Committee cancelled Beijing's right to host the 2008 Games? That's how I felt when the stamp duty was increased- They robbed us with force because they cannot live with the fact the people are getting rich- No matter what those foreigners say, ...

  8. Budget surplus of HK$70b predicted

    Posted Dec 06th 2007, 12:00am by Staff Reporter

    ... the accounts for the first seven months from a deficit into a surplus. Deloitte attributed the large surplus to the soaring stock market, which has inflated investment income, and stamp duty receipts ... to the government with the 2 per cent stamp duty. The firm was optimistic about income generated from stamp duty in the next financial year and also predicted the government would retain property rates ...

  9. Windfall in revenue spurs tax relief call

    Posted Jul 16th 2007, 12:00am by Dennis Eng

    ... compared with HK$1.56 billion for the same period last year, mainly due to land premiums. Stamp duty, which is levied on stock and property transactions, is also buoying government coffers. In the first quarter of the 2007-08 financial year, the value of stock market transactions reached HK$3.89 trillion, yielding stamp duty revenue of HK$7.78 billion. This is almost double that of a year ...

  10. Government records four-month surplus

    Posted Sep 01st 2007, 12:00am by Dennis Eng

    ... Government expenditure can be volatile and revenue tends to be realised in December and March. A major source of revenue is stamp duty levied on stock and property transactions. The value of stock market transactions reached more than HK$4 trillion during the first four months of the fiscal year, yielding stamp duty of about HK$8 billion. That is roughly double the amount during the same ...




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