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  • September 16, 2014
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  1. IMF says China should raise taxes, rates to curb property price gains

    Posted Dec 04th 2010, 12:00am by Peggy Sito

    ... Peggy Sito Higher interest rates and the introduction of a broad-based property tax are needed to avoid the risk of a Chinese housing bubble, the International Monetary Fund warned. ... growth), high saving (and therefore ample liquidity), and a lack of alternative investment and property tax all work to promote excessive house price inflation,' said the IMF. The IMF proposed ...

  2. Business - Economy

    Party like it's 2007 again? Don't hold your breath

    Posted Mar 26th 2014, 01:30pm by DAVID DODWELL

    ... or diminishing salary and ever-rising taxes. I'm not picking on Japan, but it is in the vanguard of the global ageing trend that will affect us in Hong Kong- and even on the mainland- sooner than we ...

  3. Appeal to cut taxes for low-income earners

    Posted Aug 30th 2008, 12:00am by Staff Reporter

    ... He Huifeng Rise in threshold urged to help fight inflation Top legislators want farmers to get more money for their grain and are calling for cuts in taxes on individuals and small ... income tax threshold was too low, which meant lower earners unfairly carried the burden of providing the main source of personal income tax revenue. Mr Zheng called for a rise in the monthly ...

  4. Panel suggests scrapping 20pc tax on bank interest

    Posted Mar 11th 2007, 12:00am by Staff Reporter

    ... Zhuang Pinghui Twenty-seven political advisers, including the nation's top bankers and economists, have urged the government to scrap the tax on bank savings interest, saying it hurts low-income families and dampens domestic consumption. Guo Shuqing, an Chinese People's Political Consultative Conference delegate and chairman of China Construction Bank, said the tax affected ...

  5. Business - Economy

    Private schools, dental visits fuel Australian inflation, pushing interest rate cuts off the table

    Posted Feb 03rd 2014, 03:18pm by Reuters

    ... cent. Add to that the ever rising costs for child care, utilities and government charges and taxes, and it is an inflationary mix. ...

  6. City being wishy-washy about raising water tariffs

    Posted Oct 27th 2011, 12:00am

    ... some speech lessons here the next time he raises sinners' taxes- 'we're just being progressive'. But someone has already been progressive in water charges, as the chart ...

  7. Inflation helps solve mystery of the shrinking dollar

    Posted Oct 22nd 2007, 12:00am by Sophie Paine

    ... Money is written by Sophie Paine, who teaches students financial literacy at www.aandbmake3.com You are about to pay for your usual muffin. Today, you have the exact change. But the cashier tells you: 'One dollar is missing.' You look at your co ...

  8. Comment - Letters

    Hong Kong not gaining from peg

    Posted May 06th 2013, 12:00am by LETTERS

    ... As a consequence the wealth gap in the city is growing wider. Imposing higher taxes on the rich and property ownership helps redistribute wealth. A tax specifically on property ownership, with a higher ... and services tax on certain luxury items might lead to lower tourist numbers but we would attract bigger-spending visitors. The US Federal Reserve determines the strength of our currency and Beijing ...

  9. Comment - Letters

    HK dollar can be strong again

    Posted Nov 05th 2012, 12:00am by LETTERS

    ... don't need in Hong Kong. There is also the problem of the government's expansionary fiscal policy such as low tax. Property developers and home owners benefit from low interest rates, ... they travelled overseas to flaunt what was a strong currency. Now, we are providers of cheap labour services to rich mainland shoppers. We gain little from this, as we impose no form of tax on them. ...

  10. Business - China Business - BUSINESS DIGEST

    Business Digest, February 14, 2013

    Posted Feb 14th 2013, 12:00am

    ... to a contraction in the regional vehicle market. The loss before interest, taxes, and one-time gains or costs was €576 million (HK$6.02 billion) last year. Bloomberg ...




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