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  • September 23, 2014
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  1. 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 ...

  2. Budget surplus HK$12b higher than estimated

    Posted May 01st 2010, 12:00am by Dennis Eng

    ... premium and stamp duty revenues and HK$2.2 billion in expenditure savings inflated the surplus from an estimated HK$13.83 billion to HK$25.9 billion. The government had initially projected ... boost stamp duties and land premiums. Salaries and profits tax levied on the healthy incomes earned in 2008 also contributed to the surplus. For the year to March 31, the government recorded ...

  3. When property bubble bursts, pin blame on outgoing administration

    Posted May 03rd 2012, 12:00am

    ... and was stunned to be told by the Rating and Valuation Department that it had assessed this as a false price and would charge stamp duty on a deemed price of about HK$4.5 million. In reaching its ...

  4. HK government's deficit forecast again in doubt

    Posted Jan 20th 2012, 12:00am

    ... estimates a budget surplus of HK$53 billion to HK$58 billion because of 'record income from land sales and additional stamp duty collected in the first half of 2011-12 from an active property ...

  5. A duty to defend our independent judiciary

    Posted Feb 08th 2010, 12:00am by Frank Ching

    ... Frank Ching Next month, the Judicial Officers Recommendation Commission will give Chief Executive Donald Tsang Yam-kuen its nomination for the next chief justice, who will succeed Andrew Li Kwok-nang in August. This is a key moment in Hong Kong's his ...

  6. Leaving behind a stamp of authority

    Posted May 04th 2006, 12:00am by Paggie Leung

    ... Paggie Leung Some retiring CEOs may throw a party for their staff on their last day of work, but not Postmaster General Allan Chiang Yam-wang. He chose instead to publish a book about his 30 years at Hongkong Post. Hongkong Post: Heart for Excellence is a ...

  7. Stability above all on housing policy

    Posted Jun 25th 2011, 12:00am

    ... for housing is being increased, stamp duty for luxury flats has been raised, and mortgage lending tightened. A rent-to-buy scheme for the middle classes, described by Tsang last year as an improved ...

  8. Cut wine duty again, French minister urges

    Posted Oct 23rd 2007, 12:00am by Staff Reporter

    ... portfolio, Mr Novelli said. Alcohol duties were a political hot potato for Mr Ma's predecessor, wine buff Henry Tang Ying-yen. He eventually cut the wine duty to 40 per cent from 80 per cent ...

  9. Bank accused of duty breach to assist KMT

    Posted Sep 05th 2007, 12:00am by Staff Reporter

    ... Yvonne Tsui The Bank of East Asia was accused of committing a breach of duty to help a Kuomintang investment arm obtain a HK$50 million loan for a secret political mission 10 years ago, ... of the property. 'The defendants claimed that they suffered loss and damages because of the bank's dishonest breach of its fiduciary duty,' Mr Whitehead said, calling the allegation ...

  10. No change leaves traders saddled with high duties

    Posted Feb 23rd 2006, 12:00am by Norma Connolly

    ... duties are among the highest in Asia. Importers pay 40 per cent on beer, 80 per cent on wine and 100 per cent on spirits, while $804 is charged on 1,000 cigarettes and $1,035 on each kilogram of cigars. Ms Purcell described the budget as disappointing, and said that even if the government refused to lower the duty, it should revamp the methods used by customs and excise officials to value ...




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