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  1. Businessman faces tax evasion charges

    Posted Sep 13th 2007, 12:00am by Staff Reporter

    ... Yvonne Tsui A businessman yesterday faced 11 charges in the District Court of evading profits tax. Yu Hin-man, 48, the proprietor of Hin Lee Plastic Silk Screen Printing, a plastic and silk-screen printing firm, denied evading HK$2.6 million in tax by inflating expenditures. The prosecution alleged that Yu overstated purchases from 1994 to 1998. It also said Yu spent about HK$17 ...

  2. All In A Day's Work: Tracking tax dodgers

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

    ... deals with tax avoidance cases. I lead a section that consists of four teams of officers, and I'm responsible for the planning and control of work. I graduated from Hong Kong Polytechnic ... spectrum of taxpayers, from corporations to individuals from all walks of life, so I relish the challenges of meeting different people every day. For tax avoidance cases, we look at the corporate ...

  3. Comment - Insight & Opinion - JAKE'S VIEW

    EU fails to adapt to borderless world

    Posted May 26th 2013, 12:00am by Jake Van Der Kamp

    ... Jake van der Kamp EU's tears over lawful tax avoidance cloud real issue The European Union's loss of revenue from tax fraud and evasion was €1 trillion, said the president ... stopper in a round drain and, not surprisingly, the sink always leaks. These leaks, however, constitute tax avoidance, not tax evasion, and it is entirely legal for people to take advantage ...

  4. 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 ...

  5. Business - Economy - WEALTH

    Rich dodge US$156b tax on hidden assets, says Oxfam

    Posted May 23rd 2013, 12:00am by Toh Han Shih

    ... of lost tax revenue. The European Union's loss of revenue from tax fraud and evasion was €1 trillion, said the president of the European Commission, Jose Manuel Durao Barroso, in Brussels ... the Multilateral Convention on Mutual Assistance in Tax Matters, which promotes sharing of tax information to combat tax evasion. ...

  6. Business - Companies - ACCOUNTING

    Apple's tax practice in China subject of fierce debate

    Posted May 22nd 2013, 12:00am by BIEN PEREZ, Sophie Yu

    ... Store. In the US, Apple is facing scrutiny over accusations of stashing more than US$100 billion in a network of offshore entities to avoid paying huge taxes in its home market. Some pundits ... Bien Perez and Sophie Yu Technology giant's income from its App Store subject of hot discussions amid US scrutiny over claims of sheltered US$100 billion stash Apple's tax ...

  7. Perfect balance is a work in progress

    Posted Jul 22nd 2006, 12:00am by Robert Hanson

    ... that these days football is more a matter of exercising his eyes in front of the TV than showing support for his local team. When successfully defending the comedian Ken Dodd on tax evasion charges, ... and other parts of his life. As tax director at Grant Thornton who specialises in China tax, Mr To usually starts his day at 6am. He logs on to the internet to update himself on news items, recent ...

  8. Property - International - JAPAN

    Japan enjoys home sales rush to beat looming tax rise

    Posted Aug 29th 2012, 12:00am by Bloomberg

    ... surge ahead of tax Record low mortgage rates and the prospect of a consumption tax jump that will add the price of a new Toyota Corolla to the cost of an average home spurred Sumiko Morigaki into action. "Tax hikes have been looming, so that gave me a push to buy," Morigaki, 43, a manager at an apparel retailer in Tokyo, said after buying a three-bedroom flat in Kanagawa ...

  9. Property - International - BRITAIN

    Sales of luxury British homes surge despite tax increase

    Posted Sep 12th 2012, 12:00am by Bloomberg

    ... a transaction tax known as stamp duty on homes sold for more than £2 million to 7 per cent from 5 per cent. The use of corporations set up in offshore tax havens such as the Cayman Islands to avoid ... Bloomberg in London Increase in stamp duty on prime real estate has little effect, with overseas buyers in search of a safe haven flocking to London Luxury sales surge despite tax ...

  10. Taxing time for US expats in Hong Kong

    Posted Mar 02nd 2010, 12:00am by Staff Reporter

    ... In addition to paying local taxes, the 60,000-plus Americans living in Hong Kong are required to declare their foreign-earned income to the Inland Revenue Service (IRS). And they must also ... at cracking down on Americans evading taxes overseas- by imposing financial penalties on banks that do not reveal their accounts to the (IRS). With no tax treaty between Hong Kong and the US, American ...




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