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  • October 21, 2014
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Results 1 - 10 of 398 for tax avoidance and tax evasion

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  1. Calls for government to cut wealth gap ignore reality

    Posted Dec 04th 2011, 12:00am

    ... card. The basic question remains unanswered. Just how will government do it? Tax them, you say. Very well, but salaries tax last year brought in only 12 per cent of fiscal revenue and almost all of it was already paid by people in the very highest income brackets. If we raised their tax rate to, let's say, 30 per cent, we might get a tiny bit more revenue but mostly we would get the rich ...

  2. Predictable tax system in HK seen as a boon

    Posted Nov 11th 2011, 12:00am

    ... to comply with help avoid tax evasion and provide a more sustainable source of revenue. The average total tax rate for small and medium-sized enterprises in the economies covered in the study ... Lulu Chen lulu.chen@scmp.com Hong Kong's tax rate continues to rank as one of the world's lowest, and the city remains one of the easiest places to comply with tax obligations. ...

  3. HK leads way for simplicity and fairness

    Posted Sep 26th 2008, 12:00am by Raymond Ma

    ... asked whether they thought that its tax system clearly differentiated tax avoidance from tax evasion, on its level of transparency, communication with tax authorities, and whether the reasons ... Raymond Ma Hong Kong scored high for simplicity and fairness of its tax system in a recent survey of six countries, according to the Association of Chartered Certified Accountants (ACCA). ...

  4. Cheap housing for staff attracts tax

    Posted Mar 02nd 2007, 12:00am by Staff Reporter

    ... Kevin Huang Mainland employees will be subject to a new tax if they buy cheap housing provided by their workplace under a new effort by authorities to clamp down on tax evasion. The new tax was jointly issued on Wednesday by the State Taxation Administration and the Ministry of Finance and took effect immediately. It means homebuyers will be taxed if they purchase property ...

  5. New tax could hit owners of UK homes

    Posted Jun 24th 2012, 12:00am

    ... John Carney john.carney@scmp.com Wealthy Hong Kong residents who own property in Britain could be facing a hefty tax slug if a new law is passed. Changes to British property taxation ... byword for an offshore company. The British government believes not everyone is paying their fair share of tax on residential property and the change in the treatment of high-value residential ...

  6. Surplus could be used to spur consumption

    Posted Dec 14th 2009, 12:00am by Wang Xiangwei

    ... to comply with the law and pay their fair share. For now, most rich mainlanders pay very little tax because they have many ways of avoiding it, one being to draw a low salary and have most ... of raising salaries and cutting taxes. Last week, the State Council released details of its economic stimulus package for next year, continuing to extend policies including subsidies on the purchases ...

  7. Lack of resources to police a polluter-pays policy

    Posted Aug 27th 2005, 12:00am by Cary Huang

    ... of tax evasion by these companies,' the official said. 'This will create loopholes to tax collection... and create a negative effect on the integrity of our tax laws.' He also ... Cary Huang The time is not yet ripe for China to introduce an environment tax or a waste-discharge tax. An unnamed official told Xinhua yesterday that the Ministry of Finance would use ...

  8. Five costly tax mistakes that people make

    Posted Apr 08th 2007, 12:00am by Betty Liu

    ... information you may not find on the internet. They are the five costliest tax mistakes people make. Here's what you can do to avoid them: 1. Bad record keeping: by far the biggest way to increase ... If not, you are charged interest, which is such an unnecessary cost you ought to easily avoid. The other thing to remember is that chronic late payments tend to raise eyebrows within a tax agency, ...

  9. Tax uncertainty is bad for business

    Posted Aug 08th 2011, 12:00am

    ... The saying goes that a man is a fool to pay a cent more in tax than he has to. Hence tax avoidance can be legitimate, if tax dodging is not. But 200,000 Hong Kong residents working on the mainland, along with 600,000 foreign nationals, still have a chance to dodge a bullet in the form of a new social security tax, if the government shows a greater sense of urgency about it. Thanks ...

  10. 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 ...




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