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  • August 31, 2014
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  1. Credit card payments diverted to avoid taxes

    Posted Mar 18th 2011, 12:00am by Lawrence Chung

    ... records to the mainland, bypassing the island's tax department and the credit card settlement centre. Three Taiwanese companies allegedly deprived the island of at least NT$700 million (HK$184.5 million) in tax revenue in the past 21/2 years, judicial officials said yesterday. They suspect the amount was much greater because further evidence showed that up to 40 local shops ...

  2. Plastic bag tax must be extended to all fast food outlets and stores

    Posted Jul 20th 2010, 12:00am by Staff Reporter

    ... When we have Caroline Mak, chairwoman of the Hong Kong Retail Management Association, pushing Secretary for Environment Edward Yau Tang-wah over the bag levy ('Environment chief must say when he will extend bag levy', July 14), you really have t ...

  3. Firm fights order to cover disputed tax payment

    Posted Aug 15th 2009, 12:00am by Staff Reporter

    ... Yvonne Tsui A property company is seeking a judicial review of an Inland Revenue Department demand that it buy a tax reserve certificate to cover a disputed tax assessment of nearly ... challenge stems from a dispute over its sale of a property in 2005 and an assessment of profit taxes for 2005/06. In its application, it claims the department abused its power by requiring it to buy ...

  4. Lai See

    Posted Jan 09th 2010, 12:00am by Howard Winn

    ... with Howard Winn UBS case gives pause to potential whistleblowers Those of you from the United States thinking of getting creative with your tax returns should ponder the fate of Bradley Birkenfeld, the UBS banker who pleaded guilty in 2008 to helping clients evade US taxes and yesterday started his 40-month jail sentence. He's somewhat peeved. 'To send the biggest tax ...

  5. Beijing slashes taxes on share trade

    Posted Jun 14th 2005, 12:00am by Jamil Anderlini

    ... Jamil Anderlini Reforms seen as short term and unlikely to revive prices cowering under huge state-owned overhang Mainland regulators halved the dividend tax on A shares and repealed taxes ... remained sceptical. The Shenzhen and Shanghai stock exchanges are trading at near eight-year lows. The Ministry of Finance and the CSRC jointly announced that tax liabilities on shareholder ...

  6. Battle heats up for tax loan clients

    Posted Nov 20th 2003, 12:00am by Staff Reporter

    ... Kelvin Wong The price war between local banks to attract tax-loan customers intensified yesterday after Wing Hang Credit announced a second interest rate cut in three days. Wing Hang Credit, a subsidiary of Wing Hang Bank, said it would further lower its tax loan interest rate across all loan sizes, just a day after it revealed the offer after the end of its early-bird period ...

  7. Banks offer bargain rates on tax loans

    Posted Oct 08th 2003, 12:00am by Kelvin Chan

    ... The credit database is allowing lenders to offer good deals to low-risk clients Some Hong Kong banks have this week begun offering loans to customers to pay off tax bills with much lower interest rates due to better access to credit information on individuals. Dah Sing Bank and MEVAS Bank on Monday announced tax loan terms with annualised rates as low as 4.36 per cent. Other banks ...

  8. Authorities spring capital gains tax on sellers of villas

    Posted Jul 07th 2005, 12:00am by Mark O'Neill

    ... Mark O'Neill in Shanghai District authorities in Shanghai have started levying a tax of up to 60 per cent on second-hand sales of residential villas, according to industry sources. The tax, introduced quietly last month with no media attention, is intended to cool the city's property market by targeting the luxury segment while raising money for local government. Buyers ...

  9. CCB granted 15.4b yuan in tax relief

    Posted Jun 13th 2005, 12:00am by Staff Reporter

    ... government in the form of a 15.47 billion yuan tax cut last year to help boost its capital base, the lender's annual report reveals. The massive tax relief, described by sources as a one-off, spared the bank from the sharp increase in tax liabilities experienced by smaller rival Bank of Communications (Bocom). Like CCB, Bocom received a state capital injection and help in removing ...

  10. Interest rates on tax loans pushed to rock bottom

    Posted Nov 08th 2004, 12:00am by Winnie Yeung

    ... Winnie Yeung Speculation over yuan revaluation may be cause of banks' bonanza A flood of speculative money that has left banks awash with cash has pushed interest rates on tax loans ... their offers for mortgages and tax loans from prime minus 2.675 before the rate rise to prime minus 2.8 per cent, absorbing the increase in the battle for new customers. Andy Kwan Cheuk-chiu, associate ...




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