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  • August 22, 2014
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  1. Oil and gas a safe haven for nervous investors

    Posted Sep 29th 2008, 12:00am by Andrea Li

    ... Andrea Li Oil and gas services companies have emerged as safe havens for investors shunning the turmoil of the financial markets and the fluctuating price of crude. 'These companies are more stable than upstream players because their earnings are not so dependent on the direction of the oil price. As a result, their earnings visibility is much higher,' said Gordon Kwan, ...

  2. HK investors fear effects of US Act

    Posted Apr 13th 2010, 12:00am by Staff Reporter

    ... outside the US. This new legislation includes institutions and funds based in Hong Kong and elsewhere in Asia. Unlike the Stop Tax Haven Abuse Act proposal (STHAA), this legislation ... to agree to the new compliance requirements. Among other provisions, the law will subject non-US financial institutions, hedge funds and private equity funds to withholding tax on income and gross ...

  3. HKEx targeting mainland firms in approving BVI

    Posted Dec 18th 2009, 12:00am by Amanda Lee

    ... mainland companies as a place to incorporate their businesses. That is partly because it is a zero-tax jurisdiction for overseas companies, provided these firms are not doing business in the islands. Chinese companies registered in offshore tax havens are recognised as foreign direct investments. This means they qualify for favourable income tax rates of as low as 10 per cent and tax ...

  4. Credit card payments diverted to avoid taxes

    Posted Mar 18th 2011, 12:00am by Lawrence Chung

    ... records to the mainland, bypassing the island's tax department and the credit card settlement centre. Three Taiwanese companies allegedly deprived the island of at least NT$700 million (HK$184.5 million) in tax revenue in the past 21/2 years, judicial officials said yesterday. They suspect the amount was much greater because further evidence showed that up to 40 local shops ...

  5. Plastic bag tax must be extended to all fast food outlets and stores

    Posted Jul 20th 2010, 12:00am by Staff Reporter

    ... When we have Caroline Mak, chairwoman of the Hong Kong Retail Management Association, pushing Secretary for Environment Edward Yau Tang-wah over the bag levy ('Environment chief must say when he will extend bag levy', July 14), you really have t ...

  6. Lai See

    Posted Jan 09th 2010, 12:00am by Howard Winn

    ... with Howard Winn UBS case gives pause to potential whistleblowers Those of you from the United States thinking of getting creative with your tax returns should ponder the fate of Bradley Birkenfeld, the UBS banker who pleaded guilty in 2008 to helping clients evade US taxes and yesterday started his 40-month jail sentence. He's somewhat peeved. 'To send the biggest tax ...

  7. Firm fights order to cover disputed tax payment

    Posted Aug 15th 2009, 12:00am by Staff Reporter

    ... Yvonne Tsui A property company is seeking a judicial review of an Inland Revenue Department demand that it buy a tax reserve certificate to cover a disputed tax assessment of nearly ... challenge stems from a dispute over its sale of a property in 2005 and an assessment of profit taxes for 2005/06. In its application, it claims the department abused its power by requiring it to buy ...

  8. Beijing slashes taxes on share trade

    Posted Jun 14th 2005, 12:00am by Jamil Anderlini

    ... Jamil Anderlini Reforms seen as short term and unlikely to revive prices cowering under huge state-owned overhang Mainland regulators halved the dividend tax on A shares and repealed taxes ... remained sceptical. The Shenzhen and Shanghai stock exchanges are trading at near eight-year lows. The Ministry of Finance and the CSRC jointly announced that tax liabilities on shareholder ...

  9. The link between greed and recovery

    Posted Mar 03rd 2009, 12:00am by Staff Reporter

    ... will get a recovery under way. For the export-oriented textile sector, even an increase in the tax rebate of 1 percentage point is enough to give cash-strapped manufacturers a shot in the arm. A senior manager of Shenghong Chemical Fibre in Jiangsu said while an increase in the value-added tax rebate to about 14 to 15 per cent from 11 per cent helped, he hoped other policies would take ...

  10. Battle heats up for tax loan clients

    Posted Nov 20th 2003, 12:00am by Staff Reporter

    ... Kelvin Wong The price war between local banks to attract tax-loan customers intensified yesterday after Wing Hang Credit announced a second interest rate cut in three days. Wing Hang Credit, a subsidiary of Wing Hang Bank, said it would further lower its tax loan interest rate across all loan sizes, just a day after it revealed the offer after the end of its early-bird period ...




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