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  • August 23, 2014
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  1. News - Hong Kong - SOCIETY

    Proposed HK$3,000-a-month pension 'could be cut in tough economic times'

    Posted Aug 21st 2014, 12:35pm by Phila Siu

    ... Chow's universal retirement protection scheme, elderly residents- rich or poor- would get a pension of HK$3,000 a month without a means test. He suggested a "payroll old-age tax ... cent. Simon Wong Ka-wo, president of the Federation of Restaurants and Related Trades, said big companies with annual profits of more than HK$10 million should pay additional profits taxes. Wong ...

  2. Comment - Insight & Opinion - COMMENT

    Buffett builds US$55b green pile as individual investors cut cash holdings

    Posted Aug 21st 2014, 10:17am by James Saft

    ... cash pile Individual investors have been cutting back on cash in portfolios, the exact reverse of what Warren Buffett has been doing at Berkshire Hathaway. Who do you think has got it right? ... claims at his insurance businesses. It was also up more than 50 per cent year on year. Buffett's green pile was in sharp contrast to individual investors, who had cut cash in portfolios ...

  3. 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 ...

  4. 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 ...

  5. 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 ...

  6. 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 ...

  7. City comes close to balancing the books, says finance chief

    Posted Apr 28th 2005, 12:00am by Ambrose Leung

    ... Ambrose Leung and Dikky Sinn Increased revenues lead to deficit of only $4.6b; tax cuts possible if economic recovery continues The government almost achieved an unexpected balanced budget in the past financial year due to increased tax revenue and better-than-expected cost-cutting efforts. Announcing the financial results before Legco endorsed this year's budget, Financial ...

  8. 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 ...

  9. 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 ...

  10. 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 ...




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