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  • October 2, 2014
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Results 1 - 10 of 260 for tax avoidance and tax evasion

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  1. News - Hong Kong - SMOKING

    Cigarette tax still failing to meet international standard

    Posted Mar 06th 2014, 12:13pm

    ... Lo Wei wei.lo@scmp.com Increase of tax by HK$4 per pack fails to meet 70% level recommended by WHO, as some manufacturers have raised their prices Tax on cigarettes is still failing ... of the council, said on Thursday that government efforts to increase the amount of tax to the 70 per cent level recommended by the WHO had failed because some cigarette manufacturers had responded ...

  2. News - Hong Kong - TOBACCO

    Newspaper vendors say tobacco-tax hike could force them out of business

    Posted Feb 10th 2014, 02:31pm by LO WEI

    ... considers raising the tax on tobacco, newspaper vendors are fretting over the impact to their cigarette sales – with some worrying it may even force them out of business. Selling cigarettes brings in about a third of the average stall owner’s income according to Liu Sair-ching, chairman of the Coalition of Hong Kong Newspaper and Magazine Merchants. Since the government last raised the tax ...

  3. Tobacco tax increase must not be voted down

    Posted Apr 27th 2011, 12:00am

    ... the higher taxes as part of measures to deter smoking. It should seek to persuade legislators not to veto the increase and avoid another embarrassment. The problem has arisen as a result of the sorry ... by this year's budget, which seems to get ever deeper. Taxing people, only to give them back the cash, is not the soundest public finance policy, although this has become the standard political response ...

  4. Customs dismisses claim by tobacco firms, retailers, that tax fuels sale of illicit smokes

    Posted Nov 12th 2009, 12:00am by Staff Reporter

    ... Tai-hing, said it was illogical to oppose further tobacco-tax increases just to avoid increased sales of illicit cigarettes. 'We should urge customs to step up enforcement, instead of avoiding ... cent increase in tobacco tax in February had failed to bring down the number of smokers and had instead promoted sales of illicit cigarettes. A spokesman for the group said that according ...

  5. Smokers light up in protest at tobacco tax rise plan

    Posted Feb 12th 2010, 12:00am by Staff Reporter

    ... Ng Yuk-hang Smokers lit up outside the government headquarters yesterday in protest against a proposed tobacco tax increase, saying the tax was a further erosion of their freedoms. ... in a bid to persuade Financial Secretary John Tsang Chun-wah not to raise the tobacco tax further when he delivers his budget on February 24. Surrounded by policemen, they puffed away outside ...

  6. Time to raise tobacco taxes- and save lives

    Posted Feb 18th 2009, 12:00am by Staff Reporter

    ... Stocks in companies offering products such as tobacco and alcohol are much loved by investors because they are believed to be recession-proof. Taxmen feel the same way. Tobacco tax ... relief to businesses in its budget next week as industries of all types clamour for tax breaks. The tobacco industry, still with deep pockets, might be the exception. To deter people from ...

  7. Raising taxes just the first step on anti-smoking front

    Posted Mar 01st 2009, 12:00am by Staff Reporter

    ... of the cheapest cigarettes in the developed world. Officials had cited the danger of encouraging tobacco smuggling as a reason to avoid raising taxes. Now they have bitten the bullet. By making smoking ...

  8. Shut duty-free tobacco shops

    Posted Aug 28th 2005, 12:00am by Staff Reporter

    ... be little doubt that those arrangements were 'tax driven'. This case may illustrate the great danger of creating a discretionary trust. This emerged long ago, primarily as an avoidance ... It makes sense to increase the tobacco tax, eliminate duty-free tobacco shops at the airport and the mainland border, and remove the duty-free allowance on tobacco for travellers. Why ...

  9. Comment - Letters

    Budget must increase cigarette tax

    Posted Feb 18th 2013, 12:00am by LETTERS

    ... Tobacco tax hike can lead to reduction in number of smokers This is a last-ditch public attempt to persuade the government to introduce tobacco tax increases in the budget on February 27, ... tobacco tax increases as "pro-poor" as they would reap a substantial proportion of the health benefits of reduced smoking. Rises in tobacco duty are recognised by the World Bank, World ...

  10. News - World - TOBACCO

    Russia plans to ban tobacco advertising and raise taxes on cigarettes

    Posted Oct 18th 2012, 12:00am by Reuters in Moscow

    ... Reuters in Moscow A bill aims to ban tobacco advertising and raise taxes on cigarettes in a country where 400,000 people die each year of smoking-related causes Russia targets smokers amid health crisis Russia is cracking down on smoking with a bill to ban tobacco advertising and raise taxes on cigarettes to help tackle a public health crisis in the world's second largest ...




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