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  • September 17, 2014
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  1. Property - Hong Kong & China - TENDER

    MTR Corp's Tai Wai tender sweetened with cut in land tax

    Posted Sep 17th 2014, 05:52am by Sandy Li, Yvonne Liu

    ... Sandy Li and Yvonne Liu MTR's Tai Wai tender sweetened with land tax cut MTR Corp yesterday released the tender terms for the Tai Wai Station residential project as the land premium was cut to a level 18 per cent lower than two years ago in a bid to woo developers. Under the revised terms, sources said the Land Department cut the land tax to HK$10.36 billion, or HK$3,832 per ...

    http://www.scmp.com/property/hong-kong-china/article/1594185/mtr-corps-tai-wai-tender-sweetened-cut-land-tax
  2. News - World - UNITED STATES

    Rising US income inequality hits state tax revenue and threatens budgets

    Posted Sep 15th 2014, 10:17pm by AP

    ... Associated Press in Washington Richest 1 per cent are thriving, but they often shield much of their income from taxes Rising US wealth gap hits state revenue Income inequality is taking a toll on US state governments. The widening gap between the wealthiest Americans and everyone else has been matched by a slowdown in state tax revenue, according to a report being released ...

    http://www.scmp.com/news/world/article/1593297/rising-us-income-inequality-hits-state-tax-revenue-and-threatens-budgets
  3. News - World - WEALTH

    Belgium a 17b euro tax haven for France's richest entrepreneurs: report

    Posted Sep 15th 2014, 08:42pm by GDN

    ... The Guardian in Paris Belgium a tax haven for France's rich France's wealthiest entrepreneurs hold around €17 billion (HK$168 billion) in neighbouring Belgium where taxes ... it found that many more were either living in or setting up holding companies in Belgium, involving €17 billion in assets and investments. "Of course, nobody ever talks about tax evasion ...

    http://www.scmp.com/news/world/article/1593236/belgium-17b-euro-tax-haven-frances-richest-entrepreneurs-report
  4. News - World - CANADA

    Vancouver mayoral candidate Meena Wong proposes tax on vacant homes

    Posted Sep 12th 2014, 03:03pm by Ian Young

    ... Ian Young in Vancouver ian.young@scmp.com Meena Wong says wealthy absentees should pay surcharge in Vancouver Mayoral hopeful wants to tax vacant homes Hong Kong emigrant Meena Wong, who is striving to become Vancouver's first ethnic Chinese mayor, has called for part-time residents to pay for the privilege of leaving their expensive homes vacant in the city. Vancouver, in west ...

    http://www.scmp.com/news/world/article/1590864/vancouver-mayoral-candidate-meena-wong-proposes-tax-vacant-million-dollar
  5. Business - China Business - INVESTMENT

    Tax breaks no longer the best lure for business in Jing-Jin-Ji plan

    Posted Sep 10th 2014, 04:05am by Victoria Ruan

    ... Jing-Jin-Ji idea needs 'effective tax plan' The mainland should revamp its traditional way of luring business and investment through favourable taxes for the new, so-called "Jing-Jin-Ji" co-ordination plan seeking to link Beijing, Tianjin and Hebei's economies closer, experts say. Tax policy has played a crucial role in spurring growth in the past few decades ...

    http://www.scmp.com/business/economy/article/1589015/tax-breaks-no-longer-best-lure-business-jing-jin-ji-plan
  6. Business - Economy - ECONOMY

    Japan’s economy shrinks in second quarter as sales tax rise hits

    Posted Sep 08th 2014, 09:21am by Reuters

    ... Reuters in Tokyo Rise in sales tax blamed as economy contractsby 7.1 per cent,worse than initial estimates Japan GDP shrinks most in five years Japan's economy shrank an annualised 7.1 per cent in the April-June quarter, more than a preliminary estimate, underscoring concerns the hit from an April increase in the sales tax may have been bigger than expected. The revised ...

    http://www.scmp.com/business/economy/article/1587657/japans-economy-shrinks-second-quarter-sales-tax-rise-hits
  7. News - China - CRIME

    Nanjing ‘smugglers’ accused of cheating tax-free scheme for Chinese border residents

    Posted Sep 04th 2014, 06:36pm by Li Jing

    ... Li Jing jing.li@scmp.com Nanjing customs officials have arrested eight suspects accused of taking advantage of a tax-free scheme near the Chinese border to smuggle 510 million yuan (HK$641 million) worth of goods. Residents living within 20 kilometres of China’s borders are allowed to purchase up to 8,000 yuan worth of goods a day – free of taxes and tariffs ...

    http://www.scmp.com/news/china/article/1585192/nanjing-smugglers-pocket-millions-cheating-chinas-tax-free-border-scheme
  8. News - Hong Kong - WELFARE

    Overhaul tax to fund pension scheme: expert

    Posted Sep 01st 2014, 05:55am by Phila Siu, Jennifer Ngo

    ... Phila Siu and Jennifer Ngo Overhaul tax to fund pension scheme: expert Hong Kong needs to change its tax system to ensure the city can support a proposed new pension scheme, a former head ... Watson. A goods and services tax might meet the goal, Sin said. "But the government has been studying this for so many years," and it still wasn't clear whether or how it would ...

    http://www.scmp.com/news/hong-kong/article/1582481/overhaul-tax-fund-pension-scheme-expert
  9. Comment - Insight & Opinion

    Hong Kong should reform its tax structure to redistribute wealth

    Posted Aug 27th 2014, 11:53am by DAVID LUI

    ... David Lui David Lui says to negate rising social discontent, Hong Kong needs to rethink its tax philosophy and include in its budget an explicit equality goal Mind the gap Recently, Juzhong Zhuang, deputy chief economist at the Asian Development Bank, wrote in the Financial Times that Asia needs higher taxes to help its poor to prosper. More than 80 per cent of Asians live ...

    http://www.scmp.com/comment/article/1581091/hong-kong-should-reform-its-tax-structure-redistribute-wealth
  10. News - Hong Kong - WELFARE

    Sales tax mooted to fund pension for all

    Posted Aug 25th 2014, 05:31am by TIMMY SUNG

    ... Timmy Sung timmy.sung@scmp.com Commission on Poverty member says reviving the idea of a goods and services tax can pay for proposed HK$3,000 per month subsidy Tax on sales mooted to fund pension for all A member of the government's Commission on Poverty has suggested a goods and services tax could be used to fund a new public pension scheme, instead of a further tax ...

    http://www.scmp.com/news/hong-kong/article/1580448/tax-sales-mooted-fund-pension-plan

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