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  1. Club hoping to accelerate pace of taxation change

    Posted Dec 21st 2007, 12:00am by Murray Bell

    ... Murray Bell Hong Kong's inability to participate in the Global Trifecta bet will be a spur to the Jockey Club seeking to accelerate a betting taxation reform agenda ... the prime movers in this field are being inappropriately left behind by circumstances beyond their control. Chief executive Winfried Engelbrecht-Bresges said yesterday the level of taxation required ...

  2. Lawmaker warns against excessive use of green taxation

    Posted May 28th 2007, 12:00am by Staff Reporter

    ... Cheung Chi-fai Hong Kong may lose the edge offered by its simple taxation system if it imposes too many environmental levies that might hurt small businesses in particular, a lawmaker has ... rather than a tax or levy. 'I won't agree to the use of penalising taxation. If more and more of these taxes are to come, for say rubber tyres or beverage bottles, it will shake ...

  3. Our problem is taxation without representation

    Posted Aug 07th 2007, 12:00am by Jake Van Der Kamp

    ... the pitfalls of representation without taxation. Voters become more responsible and more restrained in urging welfarism when they recognise that, at the end of the day, they have to pay ... taxation but taxation without representation. Even if this were not so, however, it is a good a question whether representation should be based on share of assets rather than share of opportunity. ...

  4. New rule raises fears of property, stock gains taxes

    Posted Nov 17th 2007, 12:00am by Sandy Li

    ... Al Guo in Beijing, Additional reporting by Sandy Li Mainland tax authorities have issued revised guidelines requiring high-income earners to declare their earnings from share and property trades, fanning concerns that taxes on gains on the transactions may not be far off. In an online statement, the State Administration of Taxation said that from the start of next year, people ...

  5. Concrete action in tax report ruled out

    Posted Apr 30th 2007, 12:00am by Staff Reporter

    ... Denise Hung No concrete measures will be recommended in a forthcoming government report to solve the challenges faced by Hong Kong's tax system, although the majority of the public agree the city needs to broaden its tax base. A government source sai ...

  6. Events diary

    Posted Mar 06th 2007, 12:00am by Staff Reporter

    ... Today, HK: British Chamber of Commerce breakfast: 'Achieving a sustainable competitive advantage'. Hong Kong Club. American Chamber of Commerce breakfast: 'Comments on Hong Kong financial budget 2007/2008'. Ritz-Carlton. Tomorrow, HK: Hong Kong General Chamber of Commerce seminar: Recent development in China taxation: Corporate income tax reform'. ...

  7. Unified system introduces new challenges

    Posted Apr 26th 2007, 12:00am by Kate Watson

    ... in China that enjoy tax breaks offered by the present taxation system. China's new Corporate Income Tax Law (the CIT law) was tabled before this year's National People's Congress ... is to hold an immediate review of their mode of operations and legal structure. This might include moving regional headquarter functions from China to Hong Kong to avoid worldwide taxation in China. ...

  8. Long, sophisticated road to filing

    Posted Nov 02nd 2007, 12:00am by Chris Davis

    ... Technology is helping to streamline mainland China's complicated system and it is benefiting taxpayers too. Reports by Chris Davis In a similar manner to many other financial and business operations on the mainland, the individual income tax (IIT) sy ...

  9. Cut profits tax, boost welfare, say Liberals

    Posted Oct 08th 2007, 12:00am by Colleen Lee

    ... Colleen Lee The Liberal Party called on the government to cut profits tax rates and raise welfare payments when it unveiled its district council election platform yesterday. The party plans to field 60 candidates in the November 18 elections but will not ...

  10. Government records four-month surplus

    Posted Sep 01st 2007, 12:00am by Dennis Eng

    ... Dennis Eng The government recorded a consolidated surplus of almost HK$4.8 billion during the first four months of the fiscal year. The surplus raised Hong Kong's fiscal reserves to HK$374.1 billion as of July 31. Much of the surplus was due to the H ...




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