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  • July 26, 2014
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  1. News - Asia - AUSTRALIA

    Australian parliament repeals carbon tax, emissions trading scheme

    Posted Jul 17th 2014, 11:18am by Reuters in Sydney

    ... a climate-change sceptic, has long argued that the carbon tax is a burden on industry and consumers in a country reliant on coal-fired power and does little to cut emissions. The tax saw 348 of Australia’s ... Reuters in Sydney Australia on Thursday became the first country in the world to scrap a carbon tax as the upper house of the legislature also discarded plans for a trading scheme based ...

  2. Business - Economy - ECONOMY

    Small firms to feel pinch from Japan's tax cut plan

    Posted May 03rd 2014, 04:00am by Bloomberg

    ... Bloomberg in Tokyo Small firms to feel pinch from Japan's tax cut plan Prime Minister Shinzo Abe's efforts to lower Japan's corporate tax rate are increasingly set ... some revenue after cutting the corporate tax rate is a good thing." Smaller companies employed almost 25 million people in March last year and any increase in bankruptcies in the sector ...

  3. News - Hong Kong - COURTS

    Tax dodger fined more than double the sum he evaded

    Posted Jul 18th 2014, 05:16am by CHRIS LAU

    ... evasion, for lying to the Inland Revenue Department that he had taken courses from 2005 to 2011 and made charitable donations between 2007 and 2011 that qualified for tax cuts. He failed ... Chris Lau chris.lau@scmp.com Tax dodger fined more than double the sum he evaded An IBM employee has been slapped with a fine of HK$180,000 in court for cheating the taxman out ...

  4. News - Hong Kong - TOURISM

    Shenzhen mall to sell Hong Kong products to cut number of mainland visitors

    Posted Jun 25th 2014, 04:49am by JEANNY YU AND AMY NIP

    ... Jeanny Yu and Amy Nip Qianhai economic zone plans mall selling HK products to 'ease tourist pressure'; its success may rely on tax arrangement, says lawmaker Shenzhen mall + HK ... Hong Kong chief officer is in talks with a few local companies and we are striving to launch the centre by year's end," he said. Although there are special tax and yuan exchange ...

  5. Business - Economy

    Bank of Japan says recovery, inflation on track as tax rise pain eases

    Posted Jul 16th 2014, 01:15am by Reuters

    ... The central bank slightly cut its economic growth projection for this fiscal year as exports remain weak and household spending tumbled more than expected after a sales tax rise in April. ... Reuters in Tokyo Central bank keeps policy steady, sticks to 2 per cent inflation target Japanese recovery on track as tax pain eases The Bank of Japan maintained its stimulus programme ...

  6. Business - Economy

    Shanghai plans free-trade zone tax incentive to encourage private equity

    Posted Jul 08th 2014, 01:54am by Daniel Ren

    ... by mainland authorities will be either scrapped or cut substantially. "A reduction of the tax would help ease the tax burdens on the funds," said Howhow Zhang, head of research at fund consultancy Z-Ben Advisors. "But Shanghai has to convince the national tax authorities of the necessity to do so." Beijing turned down the city's request to cut corporate tax ...

  7. News - China - CHINA BRIEFING

    Lower taxes across the board are the key to greater domestic consumption

    Posted May 27th 2013, 12:00am by Wang Xiangwei

    ... 50.4 in April. The fall was worse than expected and below the mid point of 50, indicating that the mainland's industrial sector had started contracting. Cutting taxes, and efforts ... to support economic restructuring and growth. It is time that Xi and Li took up the mantra of American Republicans by focusing on cutting taxes to stimulate domestic consumption. Chinese leaders have ...

  8. Mainland's finances face hard year, says minister

    Posted Jan 06th 2009, 12:00am by Cary Huang

    ... Painting the most sombre picture of the government's finances in years, Mr Xie said that shrinking corporate profits caused by rapidly slowing economic growth, as well as tax cuts, would lead ... receipts and other income flowing to the provinces and the central government, contracted for the first time in 12 years in October as policy-related tax cuts and slower economic growth began ...

  9. Beijing to spend its way out of crisis

    Posted Oct 21st 2008, 12:00am by Staff Reporter

    ... Jane Cai Interest rate cuts, tax rebates and higher spending to spark growth The central government is preparing to cut interest rates and boost infrastructure spending and tax rebates ... or tax rebates would not help. 'We believe that weakening end demand is the root problem and policies to stimulate infrastructure investment, consumption- by tax cuts- and housing and stock ...

  10. Business - Economy - ECONOMY

    Beijing moves to stimulate economy with tax cuts, rail projects

    Posted Apr 03rd 2014, 05:16am by Reuters

    ... Reuters in Beijing Tax cuts, rail projects to boost sluggish growth The mainland acted for the first time this year to steady its stumbling economy by cutting taxes for small firms ... approved, and increase the length of lines being laid this year by 18 per cent compared with last year. It also said the central government would lower tax rates for smaller companies by relaxing ...




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