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  1. Markets rally on mainland's stamp duty cut

    Posted Apr 25th 2008, 12:00am by Nick Westra

    ... Shanghai index surges 9pc as intervention boosts confidence Investors went on a frenzied chase for mainland stocks yesterday on news of a cut in the stamp duty on share transactions, ... and Korea 0.08 per cent. In a research report released yesterday, HSBC regional strategist Steven Sun and his team of analysts likened the cut in stamp duty on mainland share transactions from 0.3 ...

  2. Ex-URA director avoided stamp duty, court told

    Posted Nov 26th 2008, 12:00am by Staff Reporter

    ... Yvonne Tsui A former executive director of the Urban Renewal Authority avoided more than HK$500,000 in stamp duty on flats he bought at an internal pre-sale for a project he had had a hand ... HK$496,600 in stamp duty. The premiums the new buyers paid were also not included in the calculation of the stamp duty payments, the court heard. If they had been, a total of HK$576,092 would have ...

  3. Beijing scraps stamp duty to revive markets

    Posted Sep 19th 2008, 12:00am by Staff Reporter

    ... per cent stamp duty from today, the Ministry of Finance said after trading ended yesterday. Li Rongrong, chairman of the State-owned Assets Supervision and Administration Commission (Sasac), ... rally won't be enough to shake off the bearish sentiment.' Beijing reduced the stamp duty from 0.3 per cent to 0.1 per cent in April, displaying its determination to arrest a market ...

  4. Mainland slashes stamp duty on stocks

    Posted Apr 24th 2008, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai Beijing cuts levy on share trading by two-thirds to revive markets Stamp duty on mainland share transactions has been cut by two-thirds in the hope of ending a stock ... said: 'The stamp duty cut is a clear signal that the 3,000-point level is the floor of the market. The powerful funds must have been well informed before the policy announcement.' ...

  5. Budget surplus tipped to be record HK$100b

    Posted Jan 18th 2008, 12:00am by Dennis Eng

    ... said the administration believed in returning wealth to the community, through tax rebates and government spending. Much of the increased wealth has been generated by stamp duties collected ... and lower the top marginal tax rate to 16 per cent from 17 per cent. Partner Guy Ellis said companies might also enjoy a similar rebate, while rates could be waived for the whole of 2008/09. Stamp ...

  6. 'Sacred duty' for unions to protect workers, says Hu

    Posted Jan 08th 2008, 12:00am by Shi Jiangtao

    ... employment discrimination and other causes of labour disputes, also elaborated on the need to bolster union power and improve job security. 'It is a sacred duty for trade unions to protect ... their decades-old rubber-stamp image and help workers stand up to employers in labour disputes. Xinhua said there were more than 1.5 million grass-roots unions in the country, with 193 million members. ...

  7. Stamp of Luxury

    Posted May 02nd 2008, 12:00am by Daniel Jeffreys

    ... also been a tireless advocate for Asian cultures, hence the trip to Angkor Wat where he was scheduled to guide a party of about 20 through the Khmer temples. Combine that with his duties ...

  8. Bribery alleged over sale of flats

    Posted Jan 18th 2008, 12:00am by Danny Mok

    ... Hui was also alleged to have conspired with business partner Mok King-yu, 49, and others to avoid paying stamp duty. ...

  9. Group calls for stock tax reform

    Posted Mar 04th 2008, 12:00am by Denise Tsang

    ... In the high-profile No1 bill tabled at the first session of the 11th Chinese People's Political Consultative Conference, the association suggested revising the fixed stamp duty to one based on how long ... tomorrow. China Development Bank vice-governor Liu Kegu, a CPPCC member, said the stamp duty should be kept at a stable level instead of making it an administrative tool. 'From the perspective ...

  10. Taxman nets record HK$200b

    Posted May 06th 2008, 12:00am by Dennis Eng

    ... HK$91.42 billion, up 27 per cent, or an extra HK$19.5 billion. Stamp duty, levied on stock and property transactions, added HK$51.55 billion, more than double the HK$25.7 billion recorded ... duty- seen rising 1 per cent, to HK$13.13 billion. The government expects stamp duty revenue to drop 33 per cent, that from salaries tax to fall 30 per cent, to HK$26.38 billion, and the profits ...




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