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  • September 22, 2014
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  1. Property - International - JAPAN

    Japan enjoys home sales rush to beat looming tax rise

    Posted Aug 29th 2012, 12:00am by Bloomberg

    ... surge ahead of tax Record low mortgage rates and the prospect of a consumption tax jump that will add the price of a new Toyota Corolla to the cost of an average home spurred Sumiko Morigaki into action. "Tax hikes have been looming, so that gave me a push to buy," Morigaki, 43, a manager at an apparel retailer in Tokyo, said after buying a three-bedroom flat in Kanagawa ...


    Revealed: The worldwide network of sham directors

    Posted Nov 27th 2012, 12:00am by The Guardian

    ... and the Washington-based International Consortium of Investigative Journalists (ICIJ) has uncovered a booming offshore industry that leaves the way open for both tax avoidance and the concealment of assets. More ... tax. The agent, James Turner, of Turner Little in York, offers nominee directors in Belize and says: "They won't even know that they were a director, they just get paid." ...

  3. Business - China Business - REAL ESTATE

    Property tax trial will be extended across mainland

    Posted Sep 22nd 2012, 12:00am by Daniel Ren

    ... Daniel Ren in Shanghai Ren.wei@scmp.com Move to expand the curb beyond Shanghai and Chongqing is another sign Beijing is determined to cool the housing market Property tax trial will be extended across mainland Despite fewer cities recording a rise in home prices last month, Beijing will expand a property tax trial in Shanghai and Chongqing to cover the whole country. The move ...

  4. News - Hong Kong - AUCTIONS

    Wary mainlanders out of the picture at art sales

    Posted Oct 09th 2012, 12:00am by Vivienne Chow

    ... Buyers at Hong Kong art sales a more diverse and sophisticated lot as big spenders of the past hold back in light of tax evasion probe More Asian and international buyers have been dominating art fairs and auctions as mainland Chinese buyers tighten their purse strings because of a prolonged tax evasion probe. Andy Hei, director of the just-ended Fine Art Asia Fair, said ...

  5. Property - International - BRITAIN

    Sales of luxury British homes surge despite tax increase

    Posted Sep 12th 2012, 12:00am by Bloomberg

    ... Bloomberg in London Increase in stamp duty on prime real estate has little effect, with overseas buyers in search of a safe haven flocking to London Luxury sales surge despite tax The British government's plan to raise a tax on luxury-home purchases sparked a last-minute dash by real estate brokers to wrap up deals before the deadline hit in March. They needn't have ...

  6. Business - Money - SOCIETY SINGAPORE

    Singapore may raise taxes for ageing nation

    Posted Sep 03rd 2012, 12:00am by Bloomberg

    ... Shamim Adam Lee links baby-making to prosperity Singapore would need to raise taxes in the next two decades as the government boosts social spending to support an ageing population, Prime Minister Lee Hsien Loong said as he proposed measures to boost the country's birth rate. "As our social spending increases significantly, sooner or later, our taxes must go up. ...

  7. Business - Money

    Living largesse

    Posted Dec 24th 2012, 12:00am by TIFFANY AP

    ... Interested benefactors should also check whether the charity they’re giving to is tax-deductible  as individuals can claim a  deduction for the aggregate of approved charitable donation up  to 35 per cent of the assessable income on their salaries tax. A roster  of all eligible charities is listed  on the Inland Revenue Department’s website. Although these charities are  tax ...

  8. News - World - GREECE

    Former Greek PM George Papandreou linked to list of tax evaders

    Posted Dec 06th 2012, 12:00am by GDN

    ... The Guardian in Athens Newspapers say George Papandreou's mother is on notorious 'Lagarde list' of wealthy Greeks who stash their fortunes in Swiss bank accounts Ex-PM linked to tax-dodging list Greece's civil war over naming and shaming suspected tax evaders intensified following reports that former prime minister George Papandreou's octogenarian ...

  9. VAT pilot programme to roll out to other cities

    Posted Jun 25th 2012, 12:00am

    ... Jane Cai in Beijing xuejun.cai@scmp.com Beijing is likely to expand a trial reform of value-added tax (VAT) to more cities this year as it seeks to increase tax revenues from the service ... to Lachlan Wolfers, a tax partner at KPMG China. The change, which covers the transport and 'modern service' sectors, replaces the dual system of indirect taxes on the mainland- VAT, which ...

  10. Property - International

    Tax panic hits French property market

    Posted Oct 08th 2012, 12:00am by AFP

    ... Agence France-Presse in Paris Wealthy flee to greener pastures as Socialists demand they pull more of their weight High-end properties hit French market in tax panic A flood of top-end properties are hitting the market as business people seek to leave France before stiff tax rises hit, real-estate agents and financial advisers say. "It's nearly a general panic. Some 400 ...




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