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  • April 17, 2014
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  1. Comment - Insight & Opinion - LEADER

    China should lower taxes, not increase spending, to spur growth

    Posted Apr 17th 2014, 04:33am by SCMP Editorial

    ... SCMP Editorial Lower taxes to spur growth The mainland's GDP growth of 7.4 per cent in the last quarter was the slowest since 2012. It beat market expectations of 7.3 per cent ... and Premier Li Keqiang has vowed to pursue necessary structural reform. At the same time he has launched increased spending focused on achieving sustainable economic benefit, such as tax relief ...

  2. News - World - ITALY

    Berlusconi ordered to community service in Italy tax fraud case

    Posted Apr 16th 2014, 01:33am by AFP

    ... Agence France-Presse in Rome Berlusconi gets community service An Italian court yesterday ordered former prime minister Silvio Berlusconi to do a year of community service in a senior citizens' home run by the Catholic Church in a symbolic but humiliating punishment for tax fraud. The flamboyant billionaire, 77, will have to work at the centre "one day a week ...

  3. Business - China Business

    Mainland China tax audits seen as 'unfair'

    Posted Apr 08th 2014, 01:08am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Survey finds that firms plan to allocate more resources to taxation management in China Mainland tax system seen as 'complex' The mainland's taxation has not kept pace with the demands of its fast-changing economy and companies rate the country's tax system as one of the most complex, unpredictable and inconsistent in Asia ...

  4. Business - Economy - ECONOMY

    Beijing moves to stimulate economy with tax cuts, rail projects

    Posted Apr 03rd 2014, 05:16am by Reuters

    ... Reuters in Beijing Tax cuts, rail projects to boost sluggish growth The mainland acted for the first time this year to steady its stumbling economy by cutting taxes for small firms ... approved, and increase the length of lines being laid this year by 18 per cent compared with last year. It also said the central government would lower tax rates for smaller companies by relaxing ...

  5. Business - China Business - CARS

    Beijing mulls tax waiver and more subsidies for green car users

    Posted Apr 03rd 2014, 05:16am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com Development of green vehicles important, says vice-premier in announcing incentives for sector Beijing mulls tax waiver, more subsidies for users The central government is mulling further incentives to boost the usage of new energy cars by waiving the purchase tax and extending a subsidy programme, Vice-Premier Ma Kai said ...

  6. Business - Economy

    Japan braces for era of higher taxes as costs of ageing society rise

    Posted Mar 31st 2014, 11:53pm by Julian Ryall

    ... Julian Ryall in Tokyo Japanese consumers bring forward purchases of big-ticket items ahead of sales-tax rise today as government attempts to make dent in nation's debt Spending like ... the purchases will save money in the long term. "Ever since the government announced that the consumption tax was going to rise this year, we have been planning to replace our old household ...

  7. Business - China Business - REGULATION

    China to chase tax evaders with own version of US foreign account law

    Posted Mar 28th 2014, 12:10am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Officials will follow US example with law targeting residents abroad Beijing to extend tax reach globally China is expected to introduce its own version of the new US tax law that requires financial institutions around the world to provide Washington with information on US taxpayers, analysts say. Such a law would make it more difficult for corrupt ...

  8. News - Hong Kong

    China likely to seek personal tax details worldwide, say analysts

    Posted Mar 27th 2014, 11:43am

    ... Toh Han Shih hanshih.toh@scmp.com Hong Kong may feel affect of any new law to uncover financial information China is expected to impose its own version of the new US tax law which requires ... Ka-keung signed an agreement with the US to allow Hong Kong officials to pass tax information of Americans working in Hong Kong to their US counterparts under the Foreign Account Tax Compliance Act ...

  9. News - Hong Kong - Tax

    Hong Kong agrees to hand over financial details of Americans working in city to US tax authorities

    Posted Mar 26th 2014, 05:00am by Phila Siu

    ... Phila Siu phila.siu@scmp.com Under Foreign Account Tax Compliance Act, US can ask for data if certain conditions are met HK agrees to give financial data of Americans to US Hong Kong tax ... crackdown on tax evasion. The Financial Services and Treasury Bureau said the tax-information exchange agreement allowed the US to file a request to the Inland Revenue Department "under ...

  10. Business - Banking & Finance - FINANCE

    US slaps tax on bitcoin as IRS deems it to be 'property'

    Posted Mar 27th 2014, 01:21am by SHIRLEY ZHAO

    ... Shirley Zhao shirley.zhao@scmp.com HK urged to take firm position on bitcoin tax Hong Kong should have a clear stance on regulating the bitcoin virtual currency and whether it should be taxed, financial analysts say. They were speaking after a decision by the United States Internal Revenue Service on Tuesday to treat virtual currency as property for tax purposes, instead ...




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