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  1. 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
  2. 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
  3. 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
  4. 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
  5. 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
  6. 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
  7. News - China - ECONOMY

    Cut taxes to boost the economy, urges China's second richest man Zong Qinghou

    Posted Aug 25th 2014, 03:35pm by Kathy Gao

    ... calls for tax cuts The mainland's second-richest man, Zong Qinghou, has urged the government to cut taxes and spending to boost economic growth, according to a financial news site. "Many small- and medium-sized enterprises cannot survive without tax evasion, which has led to 20 per cent of businesses paying 90 per cent of the nation's taxes," Sina's ...

    http://www.scmp.com/news/china/article/1580537/chinas-second-richest-man-zong-qinghou-tells-government-tax-cuts-will
  8. News - Hong Kong - SOCIETY

    New tax of up to 2.5pc proposed to fund HK$3,000 a month pension for all Hongkongers

    Posted Aug 20th 2014, 07:07pm by Phila Siu, Shirley Zhao and Emily Tsang

    ... but an additional profits tax- as groups such as the Federation of Trade Unions proposed- would not be required. The study was headed by University of Hong Kong academic Nelson Chow Wing-sun. "If ... on Poverty yesterday. Under the suggested "payroll old age tax", those earning less than HK$10,000 a month and their employers would contribute 1 per cent of the worker's salary. ...

    http://www.scmp.com/news/hong-kong/article/1577784/study-recommends-monthly-hk3000-pension-tackle-elderly-poverty-crisis
  9. News - Hong Kong - HEALTH

    Illicit cigarette study is blowing smoke, says council on smoking and health

    Posted Sep 10th 2014, 04:12am by CHRIS LAU

    ... billion in lost tax revenue, a study by two overseas think tanks says. But the Hong Kong Council on Smoking and Health (COSH) says the results are "dubious". The Illicit Tobacco Indicator study- conducted by UK-based Oxford Economics and the International Tax and Investment Center (ITIC) in the US- suggests that the city's illicit cigarette consumption rate stood ...

    http://www.scmp.com/news/hong-kong/article/1588896/illicit-cigarette-study-blowing-smoke-says-council-smoking-and-health
  10. News - Hong Kong - COURTS

    Tax dodger fined more than double the sum he evaded

    Posted Jul 18th 2014, 05:16am by CHRIS LAU

    ... Chris Lau chris.lau@scmp.com Tax dodger fined more than double the sum he evaded An IBM employee has been slapped with a fine of HK$180,000 in court for cheating the taxman out of HK$78,670. Addy Ho Hung-wai was also ordered to perform 240 hours of community service over the false claims he made in his tax filings. Ho, 49, had pleaded guilty on June 25 to six counts of tax ...

    http://www.scmp.com/news/hong-kong/article/1555843/tax-dodger-fined-more-double-sum-he-evaded

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