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  1. Smoking out the real victim of heavy tobacco taxation

    Posted Feb 06th 2008, 12:00am by Jake Van Der Kamp

    ... with Jake van der Kamp 'I strongly support a substantial rise in tobacco tax in the forthcoming budget... 'Price measures have been shown around the world to be the single most effective measure in reducing tobacco use, especially among the youn ...

  2. Budget plea

    Posted Feb 15th 2008, 12:00am by Staff Reporter

    ... The Taxation Institute of Hong Kong wants the government to keep half of its expected HK$100 billion surplus as savings and return only HK$20 billion to the community. Do you agree with this proposal? Write to us. ...

  3. HK faces blacklist threat unless it opens up further

    Posted Sep 30th 2008, 12:00am by Kate Watson

    ... a reasonable price for a comprehensive double taxation agreement network? This is a question being asked by the Hong Kong government as it seeks to assuage fears that failing to move towards the more ... is regarded by some in Hong Kong taxation circles as the main hurdle in reaching further CDTAs. The problem is that many other countries, particularly those in the OECD, have moved on to a 2004 ...

  4. Give rebates to rate-paying tenants, not their landlords

    Posted Dec 05th 2008, 12:00am by Staff Reporter

    ... I wrote to these columns last December about a rebate of government rates ('Rates waiver is for tenants'). Lawmaker David Li Kwok-po referred to this topic in a Legislative Council meeting, but there was no further debate on the matter in the ch ...

  5. Threshold for income tax may be raised

    Posted Dec 01st 2008, 12:00am by Staff Reporter

    ... produced by the Ministry of Finance and the State Administration of Taxation, the magazine said. It has already been submitted to the State Council. The report quoted another unnamed source ... mainland citizens earning more than 800 yuan a month, or eight times the average income, became subject to taxation. Since last year, the level has been raised annually. But critics say ...

  6. Beijing plans value-added tax reform

    Posted Sep 04th 2008, 12:00am by Staff Reporter

    ... of Finance and the State Administration of Taxation are now proposing the State Council expand that programme nationwide, according to the sources. Xie Xuren, the chief of the State Administration of Taxation, has confirmed there are plans to implement the policy nationwide. He did not give a timetable. Analysts said the top beneficiaries of the policy change would be machinery and equipment ...

  7. Accountants warn of HK$88b deficit

    Posted Dec 03rd 2008, 12:00am by Dennis Eng

    ... and for a reduction in the standard rate of salaries tax from 15 per cent to 13.5 per cent. The personal allowance should also be raised to HK$150,000 from HK$108,000, it says. The president of the Taxation ...

  8. Tax cuts, shopping coupons are appropriate moves in recession

    Posted Dec 01st 2008, 12:00am by Staff Reporter

    ... Martin Brinkley opines that there is no valid reason to reduce our already light tax level in comparison to other jurisdictions' tax burden, at a time when many sources of government revenue are being substantially reduced ('Tax cut the wrong mo ...

  9. Zeng calls for green tax breaks on vehicles

    Posted Nov 19th 2008, 12:00am by Kandy Wong

    ... Kandy Wong in Guangzhou Guangzhou Auto chief says turmoil 'right time' Guangzhou Automotive Industry Corp, the nation's sixth-largest carmaker, said yesterday that the financial crisis would be an appropriate time to implement various tax p ...

  10. Cave-in on means test puts off the inevitable

    Posted Oct 25th 2008, 12:00am by Staff Reporter

    ... A little over a week after announcing its intention to increase old age allowances but apply a means test, the government has reversed its decision. Under intense public pressure, Chief Executive Donald Tsang Yam-kuen said yesterday he would raise the all ...




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