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  • July 13, 2014
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Results 1 - 10 of 4402 for tax avoidance and tax evasion

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  1. Many happy returns for a new career

    Posted Jun 23rd 2007, 12:00am by tamara de guzman

    ... decisions in tackling claims and tax avoidance [cases].' At present, the IRD employs more than 2,800 people, but continues to look for more qualified individuals to help meet its workload. ... be assured, thanks to the hard work and professionalism of staff across the department. Last year, taxes collected by the IRD amounted to more than 70 per cent of the government's general ...

  2. Business - Banking & Finance

    Hong Kong in line for surge in illicit fund inflows

    Posted May 15th 2013, 12:00am by Toh Han Shih

    ... see a surge in illicit money inflows in the wake of twin moves by the European Union and Singapore to crack down on tax evasion. The EU's initiative to capture taxes on an estimated €1 trillion (HK$10 trillion) avoided each year and Singapore's separate move to avoid being caught like Switzerland in a row over international tax disclosure are likely to push money towards ...

  3. Business - Banking & Finance - FINANCE

    Offshore tax havens like Hong Kong contribute to poverty, says ActionAid

    Posted May 14th 2013, 12:00am by Toh Han Shih

    ... ActionAid admitted the presence of subsidiaries in tax havens is not proof of tax avoidance and said it was not accusing FTSE 100 companies of tax evasion. But these firms' extensive operations ... the tax that is due to them," said Osborne. In a tweet the same day, Osborne said: "Good talks on tax avoidance and evasion. There's definitely the will to sort it. Not going to let ...

  4. Landlord gets HK$1m fine for tax evasion

    Posted Sep 04th 2007, 12:00am by Polly Hui

    ... for two years. A spokesman for the department yesterday reminded taxpayers that tax evasion was a criminal offence under the ordinance. The maximum penalty for each charge is three years' imprisonment and a fine of HK$50,000 plus a further fine of three times the amount of tax evaded. Convicted tax evasion cases have been rare in recent years. Statistics from the department showed ...

  5. Drinkers taking day trips to avoid high tax

    Posted Feb 18th 2006, 12:00am by Dennis Eng

    ... to cut alcohol tax in next week's budget. Comparisons of supermarket prices show the average cost of a premium beer is $6.21 in Hong Kong, $5.18 in Macau and $2.48 on the mainland, the Hong ... Shien-kwai questioned the logic of having different alcohol taxes in the two special administrative regions and on the mainland. The coalition is calling on Financial Secretary Henry Tang Ying-yen ...

  6. Mainland targets foreign tax cheats

    Posted Apr 10th 2006, 12:00am by Toh Han Shih

    ... authorities suspect many foreign firms avoid China taxes and repatriate profits by buying high and selling low to related parties overseas, according to a paper by PricewaterhouseCoopers. For example, ... foreign-invested entities. 'Enforcement efforts by the tax administration are expected to increase this year. It has conducted restructuring of its anti-tax avoidance team and organised training ...

  7. Business - Banking & Finance - INVESTMENT

    Mainlanders use ‘free money’ from Hong Kong banks to earn higher returns at home

    Posted Feb 26th 2014, 09:34am by KEIRA HUANG; GEORGE CHEN

    ... Keira Huang and George Chen Illegal methods employed to move low-interest tax loans to the mainland to take advantage of wealth management products' higher rates HK tax loans paying ... they have to do it illegally. Chinese citizens are legally allowed to transfer up to US$50,000 per year into the mainland. Violators face fines or criminal prosecution. The annual tax season in Hong ...

  8. Comment - Insight & Opinion - MR. SHANGKONG

    How to beat the new property tax?

    Posted Oct 31st 2012, 01:19pm by George Chen

    ... as a rare “ anti-foreigner tax ” in Hong Kong by some international media – many non-local home buyers are working with property agents and lawyers to find out how to legally avoid the new tax ... shell” companies, which some property investors may want to use to legally avoid tax. Option two:  Appoint a PR to be a non-PR’s representative The new buyer’s stamp duty is for non-permanent ...

  9. Tax experts call for review of laws

    Posted Apr 26th 2012, 12:00am

    ... these companies must also pay the dividend tax. If Hong Kong signed double tax avoidance treaties with more countries, then investors would pay less dividend tax. To date the city has 24 double-tax ... Enoch Yiu enoch.yiu@scmp.com Hong Kong's outdated tax laws need a comprehensive review as they are contributing to disputes between companies and revenue authorities. Ernst & ...

  10. In Brief

    Posted Mar 17th 2007, 12:00am by Staff Reporter

    ... tongjitang prices us share sale below range Tongjitang Chinese Medicines has priced its United States share sale at about 30 per cent below the bottom end of the initial range. The company's three shareholders raised a lower than expected US$98.7 mil ...




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