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  • April 17, 2014
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  1. Enforcement the key to ending tax havens

    Posted Apr 04th 2009, 12:00am by Staff Reporter

    ... The spat among G20 countries over cracking down on tax havens is a sideshow to the much more urgent task of tackling the gravest economic crisis in decades. However distasteful ... willing to undermine a G20 agreement over the status of Hong Kong and Macau as tax havens smacked of political grandstanding. Intervention by presidents Hu Jintao and Barack Obama narrowly avoided ...

  2. Business - Money - TAXATION

    Beijing drafts dividend tax to boost market

    Posted Oct 30th 2012, 12:00am by Ray Chan

    ... to introduce a divided tax scheme that would tax investors based on their holding period. The regulator's aim is to discourage short-term investing. But, domestic fund managers are unimpressed ...

  3. Now overcapacity is the source of all economic evil

    Posted Dec 02nd 2009, 12:00am by Tom Holland

    ... capacity. Local turf wars make the problem worse. Officials anxious to protect local government value-added tax revenues resist industry consolidation, keeping inefficient companies in business ...

  4. Listed firms face tax crackdown

    Posted Jun 01st 2010, 12:00am by Staff Reporter

    ... Mainland tax authorities are getting stricter with companies listed overseas, ordering them to withhold the dividend tax. However, tax professionals say that the tax on dividends is not new and the ruling is just to enforce the policy. The tax on dividends was announced in late 2007, but has not been strictly implemented by mainland companies. Clement Yuen, China South tax ...

  5. Dickson profit slumps 75.6pc on higher taxes

    Posted Jun 23rd 2009, 12:00am by Charlotte So

    ... Charlotte So and Torrance Wong Dickson Concepts (International), a Hong Kong-listed high-fashion retailer, said profit for the financial year to March plunged 75.6 per cent, hit by a loss in the value of its property and higher taxes. Sales in April and May this year continued to decline because of the swine flu outbreak, group executive chairman Dickson Poon said yesterday. 'We ...

  6. China Mobile shares halted over dividend tax

    Posted May 14th 2009, 12:00am by Staff Reporter

    ... Frederick Yeung Shares in China Mobile were suspended yesterday owing to a technicality related to a new mainland tax. Late on Tuesday, China Mobile announced it would have to delay the start of its book-closing period from tomorrow to May 27 because of the non-resident enterprise income tax. Under the new law, any mainland company that pays dividends to non-resident enterprise ...

  7. Standard Chartered Bank reports a record pre-tax profit

    Posted Aug 04th 2004, 12:00am by Judy Ngao

    ... JUDY NGAO Updated at 6.37pm: Leading Asian bank Standard Chartered Bank on Wednesday announced a record pre-tax profit result for the first half-year. The bank said in a statement that pre-tax profit rose 52 per cent to $1.106 billion in the six months to June 30. Net revenue increased by 16 per cent to $2.722 billion. This was a 12 per cent rise, it said. 'The first-half ...

  8. REIT question to ask is a taxing issue

    Posted Jul 28th 2003, 12:00am by Jake Van Der Kamp

    ... get the rest later in a rising asset value of your investment. The simple fact about REITs is that they are a tax dodge devised in the United States to dodge US taxes. We are not in the US. ...

  9. Tax figures point to a surge in salaries

    Posted Jul 04th 2006, 12:00am by Staff Reporter

    ... He Huifeng Guangdong's top 100 individual taxpayers paid 229 million yuan in tax on their earnings last year, accounting for 1.1 per cent of the total collected from the province's roughly 10 million contributors, media reported yesterday. The Guangdong Taxation Bureau said the top 100 contributors paid 135 million yuan in tax on wages and 94 million yuan in other ...

  10. Lai See

    Posted Aug 22nd 2009, 12:00am by Ben Kwok

    ... thoughts strayed to Italy, where tax avoidance appears to be a national sport. According to a report yesterday, the latest data gleaned from the finance ministry by an Italian pressure group shows ... to 'destitute' people declaring no annual income or old-age pensioners offering their names to rich businessmen to help them avoid taxes. Changing fortunes The curse of Forbes is not restricted ...




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