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  1. Welfare lift before tax cuts, say democrats

    Posted Feb 14th 2006, 12:00am by Jimmy Cheung

    ... Jimmy Cheung Seven pro-democracy lawmakers have joined forces to warn against tax cuts in next week's budget. Instead, they yesterday urged Financial Secretary Henry Tang Ying-yen to first increase spending in welfare and other areas that suffered serious cutbacks during the economic downturn. They also called for a progressive levy on profits tax and a freeze in government ...

  2. Officials don't dismiss tax-free zone

    Posted Oct 04th 2003, 12:00am by Jimmy Cheung

    ... The government has apparently shifted its stance on a proposal by Li Ka-shing to set up a tax-free industrial zone along the Hong Kong-Shenzhen border, saying it would consider any plan ... flowers. The tax-free zone was first raised by Mr Li during a visit with state leaders in Beijing last weekend. He believed the establishment of an industrial zone on the Hong Kong-Shenzhen border ...

  3. More tax cuts may come next year

    Posted Feb 24th 2006, 12:00am by Jimmy Cheung

    ... Jimmy Cheung Henry Tang defends the lack of greater budget concessions, citing fiscal prudence, but holds out hope for 2007 Bigger tax cuts would be considered in next year's budget ... and the other is paying tax,' he said, echoing a phrase originally used by the American writer Mark Twain. At a Legislative Council meeting later, lawmakers asked if Mr Tang had been forced to act ...

  4. Tang may opt to widen salaries tax band

    Posted Feb 15th 2006, 12:00am by Jimmy Cheung

    ... Jimmy Cheung Financial Secretary Henry Tang Ying-yen may widen the tax band in next week's budget- a move that would ease the burden on wage earners, particularly the middle class. Mr Tang is believed to be in favour of this option amid the robust economic recovery, but he is unlikely to raise the basic allowance of $100,000 for fear of narrowing the tax base further, ...

  5. Sales tax agenda is still undecided

    Posted Sep 20th 2005, 12:00am by Jimmy Cheung

    ... Jimmy Cheung Tsang expected to address the issue in policy address The controversial goods and services tax has yet to secure approval from Chief Executive Donald Tsang Yam-kuen for full consultation this year. Despite an earlier commitment to launch a formal consultation, a source said the administration remained undecided about the priority of the tax. Mr Tsang is expected to air his ...

  6. Warning against tax cuts for political gain

    Posted Aug 29th 2005, 12:00am by Jimmy Cheung

    ... Jimmy Cheung Financial Secretary Henry Tang Ying-yen should not hand out tax concessions to help win public support for the chief executive's re-election bid in 2007, a lawmaker says. The warning by accountancy representative Mandy Tam Heung-man came as Mr Tang raised hopes of tax cuts in his budget in February. In an interview with Reuters, he said Hong Kong could cut direct tax ...

  7. Henry Tang vows to review taxes

    Posted Aug 05th 2003, 12:00am by Jimmy Cheung

    ... Consultation pledged by new finance chief after Tung reshuffles his top team Hong Kong's new finance chief last night pledged to review planned tax rises and other key measures ... face pay cuts in stages over the next two years. Salary tax increases are being introduced in two stages to help balance the books by 2006-07. The post of secretary for security, who oversees ...

  8. $9b surplus in April sparks call for tax cuts

    Posted May 31st 2006, 12:00am by Jimmy Cheung

    ... month of the new financial year, the government says. The windfall- more than four times that for April last year- is mainly due to salaries tax and land premium, with the latter boosted ... policy address,' he said, admitting that lobbying Financial Secretary Henry Tang Ying-yen for tax cuts and spending was already a closed chapter. The government earlier resisted ...

  9. 80pc expect a tax cut in next budget, survey finds

    Posted Sep 05th 2005, 12:00am by Jimmy Cheung

    ... Jimmy Cheung Eight in 10 people expect a tax cut in the next budget, according to a survey. The Democratic Party found 82 per cent of the 503 respondents were expecting concessions. Up to 53 per cent said the salaries tax should be reduced first. Chief Executive Donald Tsang Yam-kuen and Financial Secretary Henry Tang Ying-yen have hinted there is room for tax cuts ...

  10. Henry Tang to consider tax cuts with caution

    Posted Nov 08th 2005, 12:00am by Jimmy Cheung

    ... Jimmy Cheung The financial secretary warned against hasty tax cuts yesterday, saying he would need to take into account the risk of a bird flu outbreak and other economic uncertainties. Announcing the annual budget consultation exercise, Henry Tang Ying-yen said he was adopting a wait-and-see approach on tax relief. 'The chief executive and I have said that subject ...




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