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  • July 12, 2014
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  1. News - Hong Kong - GOVERNMENT

    Record year for tax intake- but stamp duty down

    Posted May 03rd 2014, 04:14am by SHIRLEY ZHAO

    ... Shirley Zhao shirley.zhao@scmp.com Government took in HK$243.5 billion this year, up slightly on last year, as property market cools Record year for tax intake- but stamp duty down The government collected HK$243.5 billion in tax in the 2013-14 fiscal year, breaking the previous year's record, but the revenue chief predicts intake will drop slightly in the current year. ...

  2. Business - Economy - ECONOMY

    Small firms to feel pinch from Japan's tax cut plan

    Posted May 03rd 2014, 04:00am by Bloomberg

    ... Bloomberg in Tokyo Small firms to feel pinch from Japan's tax cut plan Prime Minister Shinzo Abe's efforts to lower Japan's corporate tax rate are increasingly set ... at the hit to fiscal revenue in the country with the world's biggest debt burden. Government advisers are floating making companies pay taxes on capital and salaries, in addition to profits- ...

  3. Business - Comment - JAKE'S VIEW

    Rich are easy target but tax offensive won't help the poor

    Posted May 01st 2014, 01:18am by Jake Van Der Kamp

    ... Jake van der Kamp As the wealthy can flee, real efforts to lift those at bottom should start with smart government Rich are easy target but tax offensive won't help the poor [Thomas] ... desert, gone before it hits the sand. The fact is that taxing the rich works out in practice to mean underinvesting It is French working-class people who really carry the burden. They cannot find ...

  4. News - Asia - AUSTRALIA

    Australian PM Tony Abbot mulling new deficit reduction tax, despite campaign pledge

    Posted Apr 29th 2014, 12:44pm by Associated Press in Canberra

    ... promises not to tax more Weeks before he was elected Tony Abbott promised no new taxes. But with his first annual budget looming, Australia’s prime minister on Tuesday wouldn’t rule out a so-called ... with a decisive election victory last September after six years in opposition, said that introducing a temporary levy in the budget might not break his election promise to introduce no new taxes. “There’s ...

  5. Business - Money

    Withholding tax issue moves closer to a resolution

    Posted Apr 28th 2014, 04:43am by Jasper Moiseiwitsch, Benjamin Robertson

    ... Jasper Moiseiwitsch and Benjamin Robertson Mainland tax authorities may clear up question before through train Withholding tax issue moves closer to a resolution There is a whiff of breakthrough in the air. Foreign investors that have long grappled with crippling ambiguity about China's policy towards capital gains tax are looking at the possibility of clarity on this matter. ...

  6. News - China - CORRUPTION

    Former China Resources chief Song Lin linked to two tax haven companies

    Posted Apr 26th 2014, 05:30am by Tanna Chong

    ... Tanna Chong tanna.chong@scmp.com Ex-China Resources chief was a director of two offshore firms with another detained executive Leaked files show Song's link to tax haven companies ... Progress and Dragon Rider Development. Both companies were incorporated in the tax haven in February 2000. Song was made a director of the two companies the following April, while Wang joined ...

  7. Business - Comment - LAI SEE

    Tax consultant Annells denied bail in High Court

    Posted Apr 26th 2014, 01:15am by Howard Winn

    ... Howard Winn Tax consultant Deborah Annells appeared in the High Court on Thursday seeking bail. This was refused by Mr Justice Patrick Li Hon-leung, and she was remanded in custody until ... the same false document to rent premises at Sea Bird House. Annells is the founder and chief executive of AzureTax, which specialises in arranging the tax affairs of expatriates in Hong Kong. ...

  8. Business - Economy - LIGHT POLLUTION

    Higher rent may be the price for a good night’s sleep

    Posted Jul 08th 2014, 11:18am by Richard Wong

    ... the utility he derives from driving. As a consequence, there may be too many cars on the road. The standard solution before Coase's work on social cost was to tax the car owner for the pollution caused by driving. The optimal amount of tax would be the amount sufficient to compensate victims for their loss. This is the "polluter pays" principle first proposed by Professor ...

  9. Business - Banking & Finance - Foreign Account Tax Compliance Act

    Financial firms struggling with Fatca compliance as deadline looms

    Posted Jun 27th 2014, 09:53am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com The first deadline for the US Internal Revenue Service's new Foreign Account Tax Compliance Act falls on July 1, but will financial institutions ... with the Foreign Account Tax Compliance Act (Fatca), forcing the United States government to put off its enforcement. Fatca is designed to combat tax evasion by US taxpayers. Under the act, financial firms ...

  10. Taxing time for US expats in Hong Kong

    Posted Mar 02nd 2010, 12:00am by Staff Reporter

    ... In addition to paying local taxes, the 60,000-plus Americans living in Hong Kong are required to declare their foreign-earned income to the Inland Revenue Service (IRS). And they must also ... at cracking down on Americans evading taxes overseas- by imposing financial penalties on banks that do not reveal their accounts to the (IRS). With no tax treaty between Hong Kong and the US, American ...




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