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  1. Public Eye

    Posted Feb 01st 2012, 12:00am

    ... real solutions, and about systemic unfairness in our society. President Barack Obama wants to fix similar unfairness in the US, where Warren Buffett's secretary pays more tax in percentage terms than her boss. Same thing here, with middle-class Hongkongers out-paying Li Ka-shing. Dare Tsang fix that? In your dreams. A luxury goods tax? If only... A luxury goods tax. What ...

  2. Tsang leaves legacy of love of the high life

    Posted Jun 01st 2012, 12:00am

    ... leaves office at the end of this month, when he was photographed at a banquet at a Macau casino in February. Tsang had described his visit to the gamblers' haven as a private tomb-sweeping ... to Jim Thompson, former head of the American Chamber of Commerce. The HK$2 million paid by Thompson was donated to charity. This was reported in the chief executive's tax return, and the tax ...

  3. Wrong time to cut business tax, Tsang says

    Posted Jan 04th 2012, 12:00am

    ... Stuart Lau stuart.lau@scmp.com Chief Executive Donald Tsang Yam-kuen says his government will not lower the tax rate on corporate profits, despite a double-digit rise in tax revenues last ... the tax. He also acknowledged he had more to accomplish before he stepped down, including reviving the Home Ownership Scheme, as he pledged to do in his final policy address, in October. Tsang, who ...

  4. Forget stray cats, Mr Tsang, slap a tax on HK's empty flats

    Posted Oct 14th 2011, 12:00am

    ... for sale to middle-income families. But there is an easier- and certainly much faster- way to increase the supply of affordable housing. The government should slap a punitive tax on vacant ... making homes more affordable for the city's inhabitants. At the very least, introducing a penalty tax on vacant properties at this time will improve affordability over the five years ...

  5. Business tax cuts not needed now: Exco chief

    Posted Feb 05th 2010, 12:00am by Dennis Eng

    ... Fanny W. Y. Fung and Dennis Eng Hong Kong should not cut its corporate tax rates now, Executive Council convenor Leung Chun-ying says. His remark, which came three weeks ahead of Financial ... of corporate profits tax from 16.5 per cent to 15 per cent. Speaking at a seminar on poverty and economic development held by the Hong Kong Council of Social Service yesterday, Leung warned against ...

  6. Think-tank calls for specialist team to keep taxes competitive

    Posted May 15th 2008, 12:00am by Ambrose Leung

    ... Ambrose Leung The Hong Kong government should set up a team of tax specialists to monitor international trends and advise the financial secretary on taxation reform, according to the Bauhinia Foundation Research Centre. The think-tank, which is close to Chief Executive Donald Tsang Yam-kuen, also said the tax on profits should be reduced to 15 per cent to avoid Hong Kong being ...

  7. Official defends maid tax

    Posted Oct 29th 2007, 12:00am by Staff Reporter

    ... Ng Kang-chung Employees Retraining Board chairman Michael Tien Puk-sun maintained yesterday the money from taxing employers of foreign maids would be put to good use. The board is to relax ... carrying placards and banners reading 'Protecting the Rights of Employers', also wanted the tax to be scrapped. The Foreign Maid Employers' Voluntary Brigade rallied at Statue Square ...

  8. Finance chief hints at tax relief in budget

    Posted Jan 08th 2008, 12:00am by Ambrose Leung

    ... that the government would cut taxes. While acknowledging that 'the surplus would be more than expected' in the 2007-2008 financial year, Mr Tsang warned that the factors that led ... billion, and analysts say it could hit HK$100 billion. Analysts said Mr Tsang's comments were a de facto confirmation of relief measures. KPMG tax partner Jennifer Wong How-yee said a 10 per ...

  9. Further tax cut on the table if economy remains strong

    Posted Oct 11th 2007, 12:00am by Staff Reporter

    ... Denise Hung There would be a further profits tax cut if the city's economy remained robust and the public finances stayed sound, the chief executive said. Donald Tsang Yam-kuen announced that the standard tax rates for salaries and profits tax would be cut by 1 percentage point respectively to 15 per cent and 16.5 per cent from the 2008-09 financial year, which would cost ...

  10. Tsang vows to return unused taxes to public

    Posted Oct 18th 2007, 12:00am by Jimmy Cheung

    ... Jimmy Cheung The chief executive yesterday pledged to return unused taxes to the public under a new budgetary principle during his current term. But Donald Tsang Yam-kuen rejected calls ... billion, in March, Mr Tsang pledged to return unused taxes every year. He has announced a 1 percentage point reduction for profits tax and salaries tax in the next financial year. 'I ...




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