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  1. Legislators vow to fight plan for car tax increase

    Posted Mar 17th 2011, 12:00am by Tanna Chong

    ... Tanna Chong The much criticised budget may face more setbacks with the government-friendly Liberal Party planning to fight a proposal to increase the first registration tax for cars. Other major parties- pro-government and pan-democratic- are also holding out on a rise in the car tax and tobacco duty, which would increase by 15 per cent and 41.5 per cent, respectively, if passed ...

  2. Another budget setback looms as lawmakers oppose 15pc car tax rise

    Posted Mar 23rd 2011, 12:00am by Anita Lam

    ... Anita Lam The government may face another budget setback as an increasing number of lawmakers oppose the proposed 15 per cent increase in registration tax for new cars. The Legislative Council's Finance Committee will meet tomorrow to examine the proposal, even though the tax rise already came into effect on February 23 immediately after the budget announcement. If the bill ...

  3. Business - Economy

    France unveils 20bn euro business tax break

    Posted Nov 06th 2012, 07:17pm

    ... Agence France-Presse in Paris France on Tuesday unveiled a 20 billion-euro tax break for companies in a bid to address flagging competitiveness. The move was approved by the government a day after a report called on the Socialist administration to slash payroll taxes by 30 billion euros (HK$295 billion) within two years. The government signalled that easing a business tax ...

  4. Taxpayers understate $4.47b of earnings, profits

    Posted Mar 11th 2006, 12:00am by Staff Reporter

    ... and profits stood at $3.8 billion. But the number of tax avoidance cases completed so far was on a par with last year's, with 191 in the 11 months of the current financial year compared with 213 for the whole of last year. In a separate reply to Democrat Sin Chung-kai, the department also said that it would tackle the work arising from the goods and services tax consultation through internal ...

  5. Sweeten this bitter pill

    Posted Sep 07th 2006, 12:00am by Richard Cullen

    ... Richard Cullen I have yet to meet anyone who says they enjoy paying taxes. I have met many people, though, who agree that taxes are an important part of the price citizens need to pay ... democratically deficient political system means it is most unlikely that we will get to vote on its introduction the way Australians did. I will return to the linkage between tax reform and democracy, ...

  6. New twist in Ai Weiwei's tax battle

    Posted Nov 15th 2011, 12:00am

    ... Verna Yu verna.yu@scmp.com Dissident artist Ai Weiwei yesterday lashed out at Beijing tax authorities for hindering his efforts to appeal against his 15 million yuan (HK$18.36 million) tax bill, saying it was a ploy to force him to pay up and effectively admit tax evasion. The Beijing tax bureau told Ai, co-designer of the iconic 'Bird's Nest' National Stadium ...

  7. Tax breaks urged with big budget surplus

    Posted Nov 30th 2011, 12:00am

    ... to give an allowance for taxpayers who support parents and grandparents living in Guangdong. Currently, taxpayers are eligible to claim a tax allowance of HK$36,000 for each dependent parent over ...

  8. Questions about our tax base are crying out for answers

    Posted Oct 07th 2011, 12:00am

    ... budget, and at the same time they have expressed concerns about our narrow tax base. The current administration has largely maintained this stance and, in advance of the policy address, specifically raised the issue of the narrow tax base again. The basic instinct of our officials is to see the small number of people paying salaries tax (and companies paying profits tax) as a problem. ...

  9. Ai Weiwei 'forced to pay' cash guarantee

    Posted Nov 16th 2011, 12:00am

    ... Verna Yu verna.yu@scmp.com Dissident artist Ai Weiwei says he was coerced into depositing an 8.45 million yuan (HK$10.4 million) guarantee with the tax authorities to avoid being jailed over a big tax bill that he says is retaliation for his criticism of the central government. Ai, 54, yesterday paid the money raised by nearly 30,000 supporters into a Beijing tax bureau ...

  10. Tax-grab idea to fix budget alarms expat Americans

    Posted Jul 31st 2011, 12:00am

    ... John Carney john.carney@scmp.com Americans working in Hong Kong are alarmed about a proposed change in US tax legislation that would leave them substantially out of pocket. Amid growing ... in savings over the next decade. Among its measures is the elimination of the foreign earned income tax credit from which expatriate Americans benefit. The US taxes citizens and residents ...




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