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  1. Businessman faces tax evasion charges

    Posted Sep 13th 2007, 12:00am by Staff Reporter

    ... Yvonne Tsui A businessman yesterday faced 11 charges in the District Court of evading profits tax. Yu Hin-man, 48, the proprietor of Hin Lee Plastic Silk Screen Printing, a plastic and silk-screen printing firm, denied evading HK$2.6 million in tax by inflating expenditures. The prosecution alleged that Yu overstated purchases from 1994 to 1998. It also said Yu spent about HK$17 ...

  2. All In A Day's Work: Tracking tax dodgers

    Posted Jun 23rd 2007, 12:00am by tamara de guzman

    ... Tamara de Guzman Detective work is all part of Connie Chan Fung-kuen's job as senior tax assessor in the Field Audit and Investigation Unit at the Inland Revenue Department. My group deals with tax avoidance cases. I lead a section that consists of four teams of officers, and I'm responsible for the planning and control of work. I graduated from Hong Kong Polytechnic ...

  3. 15 months' jail for evading HK$2m tax bill

    Posted Dec 12th 2007, 12:00am by Danny Mok

    ... Danny Mok Businessman Yu Hin-man was jailed for 15 months and fined HK$1.306 million yesterday for evading more than HK$2 million in taxes. The District Court heard Yu, 49, sole proprietor ... Profits were understated by HK$17,640,070 and HK$2,616,742 in tax was evaded. Yu was convicted of 10 counts of tax evasion. ...

  4. Firm's ex-president jailed for tax evasion

    Posted Aug 03rd 2007, 12:00am by Staff Reporter

    ... Yvonne Tsui The former president of a consultancy company, who evaded HK$350,000 in tax by not reporting more than HK$2 million in profit, was jailed for seven months and fined HK$556,000 yesterday. The sentence was suspended for three years. Raymond Chan Wah-fai, 37, who pleaded guilty on July 13 to five counts of tax evasion, was sentenced by Deputy Judge Johnny Chan Jong-herng ...

  5. Tax evader to be sentenced today

    Posted Aug 15th 2007, 12:00am by Staff Reporter

    ... Loretta Fong A former deputy director of the Hong Kong Management Association who admitted evading more than HK$201,000 in taxes will be sentenced today in District Court. Lau Tai-fai, 58, pleaded guilty on July 31 to six charges of tax evasion between 1997 and 2002. A probation report said Lau rendered a service to society by volunteering and a medical report suggested he would ...

  6. Taxman cuts earnings at Sinopec Shanghai

    Posted Aug 10th 2007, 12:00am by Eric Ng

    ... of its preferential tax treatment from the start of this year. The oil refiner and petrochemicals producer was among the first batch of nine H shares- mainland incorporated firms listed in Hong Kong- floated on the city's stock exchange in the early 1990s. It will have to pay the normal 33 per cent tax rate as of January 1. The firm had enjoyed a 15 per cent rate introduced ...

  7. Positive notes

    Posted Mar 14th 2007, 12:00am by Libby Peacock

    ... British law is generous to overseas landlords, and with professional advice you can maximise on tax concessions, writes Libby Peacock IT IS RELATIVELY simple for buyers from Hong Kong to invest in Britain's property market, but there are legal and tax issues to consider before taking the plunge. Hongkongers have been buying residential properties in Britain for years and, ...

  8. Corrections & clarifications

    Posted Feb 03rd 2007, 12:00am by Staff Reporter

    ... The report headlined 'Tsang pledges tax cuts and a 'new HK'' published on A1 yesterday said the standard tax rate for salaries tax was 16.5 per cent. The rate is 16 per cent. ...

  9. Five costly tax mistakes that people make

    Posted Apr 08th 2007, 12:00am by Betty Liu

    ... Betty Liu How to keep taxman happy but ensure you don't pay too much with your return Someone told me the other day that taxes and interest rates are the pornography of a good financial newspaper. If that's the case, then brace yourself for a whole lot of sex in the next few paragraphs. Seriously folks, the tax season in Hong Kong is just starting and now is the time ...

  10. Too few workers and firms seen adding to tax coffers

    Posted Jan 15th 2007, 12:00am by Staff Reporter

    ... Denise Hung A survey of Hong Kong's opinion leaders has found that 79 per cent believe too few working people are paying salaries tax. The findings from the latest SCMP/TNS Opinion Leaders Survey show an overwhelming majority think the tax base is too narrow. Only 35 per cent, or 1.2 million, of Hong Kong's 3.4 million-strong workforce pay salaries tax. The latest ...




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