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  • October 23, 2014
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  1. News - World - FINANCE

    Global tax reform plan to crack down on tax avoidance is 'biggest in a century', OECD says

    Posted Sep 20th 2014, 02:45pm by AFP

    ... Agence France-Presse in Cairns OECD proposals seek to close international loopholes used by companies to avoid tax Global tax reform plan 'biggest in a century' OECD chief Angel Gurria yesterday handed the G20 recommendations on the biggest changes to international tax rules in more than a century in a bid to tackle corporate tax strategies that are costing countries ...

    http://www.scmp.com/news/world/article/1596776/g20-set-back-oecd-plan-tackle-global-tax-avoidance
  2. News - World - ITALY

    Italian police bust tax-fraud syndicate

    Posted Oct 22nd 2014, 05:19am by AFP

    ... Agence France-Presse in Rome Italian police bust tax-fraud syndicate Italy's financial police yesterday said they had broken up a ring of companies they believe used false accounting to defraud the state out of €1.7 billion (HK$16.8 billion) of taxes. Police said two Rome businessmen, Pierino Tulli and Maurizio Ladaga, created a system using false invoices issued by intermediary ...

    http://www.scmp.com/news/world/article/1621773/italian-police-bust-tax-fraud-syndicate
  3. Business - Economy - REGULATION

    Industry plea for tax easing may boost China property market

    Posted Oct 20th 2014, 11:29am by Sandy Li

    ... Sandy Li sandy.li@scmp.com China’s property sector may yet be boosted by another policy easing if officials agree to an industry plea for a modification of a property tax applied at the height of the boom. Home owners must now pay a 5 per cent levy, known as a business tax, if they sell a home within five years of signing the sales contract. A group described as industry ...

    http://www.scmp.com/business/economy/article/1620478/industry-plea-tax-easing-may-boost-china-property-market
  4. Business - China Business - TAXATION

    Comments show Beijing keen on pushing tax reform

    Posted Oct 15th 2014, 05:11am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Xi eager to to finish major fiscal and tax change by 2016 and have modern fiscal system by 2020 Comments show Beijing keen on pushing reform A People's Daily article accusing multinationals of tax evasion and calling for tax reform points to Beijing's seriousness in changing the tax regime, analysts say. The central government, ...

    http://www.scmp.com/business/china-business/article/1616492/comments-show-beijing-keen-pushing-tax-reform
  5. News - China - ECONOMICS

    Party paper hits out at foreign firms, alleging widespread tax avoidance

    Posted Oct 14th 2014, 05:00am by Li Jing

    ... foreign firms for tax avoidance A scathing attack by the People's Daily on multinational corporations, accusing them of exploiting China through tax avoidance, is a worrying sign for foreign ... profits. The commentary said tax-avoiding practices by some multinationals had deprived the nation of enormous revenue, even though they had taken advantage of its labour, land, resources, and huge ...

    http://www.scmp.com/news/china/article/1615926/party-paper-hits-out-foreign-firms-alleging-widespread-tax-avoidance
  6. News - World - IRELAND

    Ireland set for revamp of corporate tax of global giants to eliminate loophole

    Posted Oct 15th 2014, 05:12am by Reuters

    ... Reuters in Dublin Surprising economic recovery to allow for a revamp of a loophole that has attracted global companies but has angered the EU and US Budget to phase out giants' tax edge The Irish government is making sweeping changes to corporate tax structure, phasing out a loophole that has allowed multinationals to save billions of dollars in tax on worldwide income. ...

    http://www.scmp.com/news/world/article/1616305/ireland-set-revamp-corporate-tax-global-giants-eliminate-loophole
  7. News - World - IRELAND

    Bono blasted by union over tax comments

    Posted Oct 14th 2014, 12:06am by GDN

    ... The Guardian Bono blasted over tax comments One of Ireland's largest unions has launched a blistering attack on U2 frontman Bono for defending the 12.5 per cent tax rate ... and to be clever, and tax competitiveness has brought our country the only prosperity we've known. "That's how we got these [tech] companies here. Little countries, we don't have natural ...

    http://www.scmp.com/news/world/article/1615808/bono-blasted-union-over-tax-comments
  8. Business - Commodities - ENERGY

    China sets range for coal resource tax of 2-10 per cent

    Posted Oct 13th 2014, 04:13am by Reuters

    ... Reuters in Beijing China sets range for coal resource tax of 2-10pc The mainland will institute a resource tax on coal of between 2 per cent and 10 per cent in December, the first official numbers to be issued for the long-anticipated plan. The State Council said in September that the mainland would impose a new resource tax on coal and cancel existing charges in a move to simplify ...

    http://www.scmp.com/business/commodities/article/1615416/china-sets-range-coal-resource-tax-2-10-cent
  9. Business - Economy - MACROSCOPE

    Flaws in Abenomics thrown into sharp relief by sales tax

    Posted Oct 10th 2014, 06:10am by NICHOLAS SPIRO

    ... in Abenomics thrown into sharp relief by sales tax For most of his first year in office, Japanese Prime Minister Shinzo Abe's approval ratings stood above 70 per cent. Having led his Liberal ... controversial decision to go ahead with an increase in the country's consumption tax (from 5 per cent to 8 per cent) in April was the main factor behind the sharper-than-expected 7.1 per cent ...

    http://www.scmp.com/business/economy/article/1613163/flaws-abenomics-thrown-sharp-relief-sales-tax
  10. News - Hong Kong - COURTS

    HK$3m fee for Hui should have been taxed, says Kwok

    Posted Oct 09th 2014, 04:02am by Stuart Lau

    ... Stuart Lau stuart.lau@scmp.com Former chief secretary was supposed to declare payment in his tax return, claims tycoon as he contradicts the man he is accused of bribing Kwok: Hui ... allegedly bribed. Kwok disagreed with Hui, who told their graft trial his failure to make a tax declaration for a HK$3 million secret fee from Kwok in 2003 was a result of the tycoon's ...

    http://www.scmp.com/news/hong-kong/article/1612411/hk3m-fee-hui-should-have-been-taxed-says-kwok

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