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  • April 20, 2014
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  1. Taxpayers understate $4.47b of earnings, profits

    Posted Mar 11th 2006, 12:00am by Staff Reporter

    ... and profits stood at $3.8 billion. But the number of tax avoidance cases completed so far was on a par with last year's, with 191 in the 11 months of the current financial year compared with 213 for the whole of last year. In a separate reply to Democrat Sin Chung-kai, the department also said that it would tackle the work arising from the goods and services tax consultation through internal ...

  2. New twist in Ai Weiwei's tax battle

    Posted Nov 15th 2011, 12:00am

    ... bill, saying it was a ploy to force him to pay up and effectively admit tax evasion. The Beijing tax bureau told Ai, co-designer of the iconic 'Bird's Nest' National Stadium ... the authorities' backhanded way of coercing him into paying the bill and effectively admitting tax evasion- a charge he denies. For the sake of clearing his name, Ai said he would not give up his fight, ...

  3. Ai Weiwei 'forced to pay' cash guarantee

    Posted Nov 16th 2011, 12:00am

    ... Verna Yu verna.yu@scmp.com Dissident artist Ai Weiwei says he was coerced into depositing an 8.45 million yuan (HK$10.4 million) guarantee with the tax authorities to avoid being jailed ... accounts. Ai said he was reluctant to comply, as he feared that was a ploy to force him to pay up before the appeal and would amount to an admission of tax evasion- a charge he denies. Yesterday, ...

  4. Raise wages, cut taxes to boost consumption

    Posted Dec 17th 2007, 12:00am by Wang Xiangwei

    ... of the mainland's biggest economic follies. First of all, it has led to massive tax evasion, particularly in the booming private sector in which businesspeople draw small or no salaries and run ... consumption immediately by raising salaries and cutting taxes. The mainland economy is the world's fourth largest and will soon overtake Germany as the third largest after the United States ...

  5. Legislators question axing of key proposal

    Posted Oct 29th 2010, 12:00am by Staff Reporter

    ... Phyllis Tang The government has dropped a key proposal from money-laundering legislation in a move legislators say appears to be in response to pressure from banks. The measure would have required financial institutions to conduct checks known as customer ...

  6. Luxembourg to weigh up double-tax treaty with HK

    Posted Sep 11th 2003, 12:00am by Raymond Ma

    ... in a bid to fight cross-border tax evasion, Luxembourg and two other states have elected to pay a withholding tax to keep its banking secrets. Luxembourg Bankers' Association director ... Luxembourg is considering the establishment of a treaty with Hong Kong to eliminate double taxation after the introduction of new taxes, needed to help preserve its banking secrets, ...

  7. Corrections & clarifications

    Posted May 21st 2005, 12:00am by Staff Reporter

    ... In an article on B4 yesterday, 'Authority listing proposal all hot air', Morgan Stanley was misidentified as the government's lead adviser on the proposed privatisation of the airport. That role is held by UBS Investment Bank. ...

  8. Bid to refund taxes voted down

    Posted May 05th 2011, 12:00am

    ... Party also failed to reverse the new car duty. Most lawmakers explained their decision as trying to avoid administrative trouble, but many insisted that did not support the new taxes. The taxes ... Tanna Chong An attempt by several lawmakers to force the government to refund the new tobacco and car taxes failed yesterday after the move was voted down in the legislature. Lawmakers ...

  9. Questions about our tax base are crying out for answers

    Posted Oct 07th 2011, 12:00am

    ... in mortgages; what small and medium-sized companies may avoid paying in profits tax, they pay in rent. A simple question for the candidates is: will you keep this system or reform it? You can probably ... budget, and at the same time they have expressed concerns about our narrow tax base. The current administration has largely maintained this stance and, in advance of the policy address, ...

  10. News - China - POLITICS

    'I'll break your legs if you go into business': former president's career advice to children

    Posted Mar 17th 2014, 01:02pm by DARREN WEE

    ... Darren Wee darren.wee@scmp.com Li Xiannian was clear he wanted his offspring to avoid becoming officials, rich or famous, his daughter tells newspaper Former president Li Xiannian warned his children he would break their legs if they went into business, according to a mainland news report. Li’s daughter, Li Xiaolin, said her father was a strict parent who wanted his children ...




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