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  • October 21, 2014
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  1. Expats love low tax, easy life in HK

    Posted Jun 02nd 2012, 12:00am

    ... to relocate. This is something Hong Kong can provide many people. 'Salaries in Hong Kong are comparable to other major financial and business centres,' says Walker. 'And lower taxes give ...

  2. Social security tax on expats may boost local hires

    Posted Apr 26th 2012, 12:00am

    ... This would lead foreign companies to consider hiring more locals on a cheaper pay package and less expatriates who are usually on a higher salary,' said Becky Lai Song-xi, China tax partner of Ernst & Young. Some major cities such as Shanghai have not yet implemented the new rule. Of those cities that have introduced the tax Beijing, Tianjin, Xiamen, Qingdao and Guangzhou applied ...

  3. The taxing cost of an elite education

    Posted Apr 23rd 2012, 12:00am

    ... Alex Lo alex.lo@scmp.com The Harrow International School in Hong Kong is not open until September and parents are already fighting over who can pay the most to get their children into this august institution. Wait a minute, it's not the same as the h ...

  4. Leung pledges baby tax breaks

    Posted Jan 04th 2012, 12:00am

    ... Patsy Moy patsy.moy@scmp.com Chief Executive candidate Leung Chun-ying is promising tax breaks to encourage parents to have children. If elected, he would raise the tax-free allowance for a first child from HK$60,000 to HK$80,000. For the second child and each subsequent child, the allowance would be HK$100,000. It means a family with three children would get a tax break amounting ...

  5. New Shenzhen zone offers cut-price income tax

    Posted Sep 18th 2011, 12:00am

    ... Minnie Chan minnie.chan@scmp.com Hong Kong and overseas professionals working in Shenzhen's Qianhai special development zone will only have to pay income tax at Hong Kong rates, a spokesman for the zone's administration said yesterday. 'Overseas specialists working in the Qianhai zone will only need to pay their personal income tax at the rates levied in Hong ...

  6. Tax rates cut to woo talent to island

    Posted Aug 24th 2011, 12:00am

    ... Gary Cheung and Fiona Tam in Guangzhou and Charlotte So Companies investing in a newly opened free-trade island in Zhuhai will enjoy a profits tax rate that is 40 per cent lower than elsewhere on the mainland, while Hong and Macau residents working there will be granted salaries tax rebates. The benefits are among measures aimed at turning Hengqin, a 106-square-kilometre island ...

  7. Hongkongers may dodge new tax after U-turn

    Posted Sep 10th 2011, 12:00am

    ... Daniel Ren in Shanghai ren.wei@scmp.com Chinese nationals from Hong Kong, Macau and Taiwan are likely to be exempt from the mainland's new social security tax going into effect next ... represents an about-face by Beijing, which previously planned to apply the tax to residents from Hong Kong, Macau and Taiwan. Two people who saw a draft copy of the rule said the ministry deleted ...

  8. Sky shuttle hits bump over disruption, tax

    Posted Sep 05th 2011, 12:00am

    ... the government a rental tax of HK$800 for every passenger departing and arriving at the heliport at Shun Tak Centre in Sheung Wan from July next year. This is expected to increase the company's operating costs by about HK$36 million a year. Apart from the new tax, Sky Shuttle is also facing declining passenger numbers, which dropped to 45,449 last year from 68,687 in 2007. In the first ...

  9. Confusion reigns over mainland tax

    Posted Sep 13th 2011, 12:00am

    ... Implementing a national insurance law was so vexing a problem for mainland legislators that they broke the usual rule of debating an issue three times and stretched discussions out over almost 16 years. Despite all the negotiations, though, there is still ...

  10. Hongkongers still face mainland tax blow

    Posted Aug 01st 2011, 12:00am

    ... Adrian Wan and Mimi Lau More than 10 countries are in talks with Beijing to sign bilateral tax agreements that would exempt their nationals and companies from paying the new social security tax. Hong Kong, with hundreds of thousands of residents working on the mainland, will be most affected, with both workers and firms sharing the burden. But the government has only been ...




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