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  1. When evasion methods are legal but morals debatable

    Posted Dec 20th 2009, 12:00am by Staff Reporter

    ... Howard Bilton There have been media reports of late on how US prosecutors are trying to determine what role financial professionals in Hong Kong play in evasion of US taxes and how the US ... then it is proper and that is the end of it. Companies should not be defined by their activities, turnover or other criteria as being somehow false if they do not accord to the US tax authority's view ...

  2. Tax cuts could fall foul of US measure, HK told

    Posted Mar 31st 2007, 12:00am by Dennis Eng

    ... Dennis Eng Hong Kong risks a backlash from Washington and Brussels if it cuts profits tax further, says an expert from a free-market US think-tank. That could hurt efforts to attract foreign investment to the city, he warns. The threat comes from proposed legislation in the US Senate targeting tax havens accused of unfair competition. Daniel Mitchell, a senior fellow ...

  3. GST a sure path to bureaucracy and tax dodging

    Posted Jul 20th 2006, 12:00am by Staff Reporter

    ... I am not opposed, in principle, to a goods and services tax. It is a more progressive tax than is generally admitted. But I do agree with those who feel it would turn Hong Kong into quite a different place. More than any other form of taxation, a GST tends to spawn a tax- avoidance industry all of its own. Lawyers, accountants and others get diverted from productive activity and take ...

  4. US probe of HSBC India 'a warning to HK'

    Posted Apr 24th 2011, 12:00am

    ... to be actively pursuing these organisations. 'India is not an obvious tax haven, but US authorities acted anyway. Large financial centres like Hong Kong and Singapore will take note. They've ... John Carney A move by US tax officials to target 'secret' HSBC bank accounts in India should be seen as a warning shot across the bows of all Hong Kong banks, a tax expert warns. ...

  5. Sewing the seeds for a profitable future

    Posted Apr 19th 2008, 12:00am by Staff Reporter

    ... and Apparel Committee of the American Chamber of Commerce. 'Every 1per cent reduction in the VAT [Value Added Tax] rebate takes another few million off the bottom line,' he added. ... Cheh, who recently met with commerce officials in Beijing, the pressures haven't gone unnoticed. 'In China, the textile garment industry employs no less than 20 million people. Think ...

  6. Business - Banking & Finance - BANKING

    US whistle-blower Bradley Birkenfeld gets US$104m in UBS tax evasion case

    Posted Sep 13th 2012, 12:00am by BLOOM

    ... Bloomberg Whistle-blower jailed after revealing tax evasion wins biggest ever federal payout US$104m for banker who lifted lid on UBS Bradley Birkenfeld, the former UBS banker who went to prison after telling the United States Internal Revenue Service (IRS) how the bank helped thousands of Americans evade taxes, secured a whistle-blower award of US$104 million, the largest ...

  7. Quit whining about the yuan. There is a far simpler solution

    Posted Feb 08th 2011, 12:00am by Tom Holland

    ... They could introduce a value-added tax (VAT). Levying a new tax might sound like an unlikely way to boost net exports, but it makes sense. Unlike most other countries, and all of America's main ... there is no tax difference between imported and domestically produced goods. But the US has no VAT, with US companies and consumers paying their dues through other taxes. This produces a major distortion. ...

  8. Bad form

    Posted Apr 26th 2012, 12:00am

    ... Amy Wu For me and my fellow Americans, April 15 is the dreaded deadline for the annual rite that comes with citizenship- filing taxes. In the past year, that process has become even more gruelling, thanks to the unveiling of Form 8938, also known as the 'Statement of Special Foreign Financial Assets' under the Foreign Account Tax Compliance Act, which was launched to crack ...

  9. Beijing will increase tax rebates to help exporters

    Posted Feb 22nd 2012, 12:00am

    ... Denise Tsang and Anita Lam Beijing plans to raise export tax rebates to help struggling exporters, says a senior trade official. Deputy Commerce Minister Zhong Shan was quoted by China Daily newspaper as saying that Beijing would 'at the appropriate time, increase tax rebates on specific categories of goods, including labour-intensive products'. The ministry ...

  10. News - World - UNITED STATES

    Obama, India’s leader seek to reinvigorate ties

    Posted Sep 27th 2013, 06:27pm by Associated Press in Washington

    ... the immediate economic benefits some had hoped. There’s been disappointment that military trade and economic reforms haven’t progressed quickly enough either. Both nations see a close partnership as key ...




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