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  • April 20, 2014
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  1. Business - Money - TAXATION

    Profits tax low on a businessman’s list of concerns

    Posted Feb 18th 2014, 11:59am by Stephen Vines

    ... as a bunch of Scrooges, preoccupied by taxation and looking for ways to avoid paying their fair share of the tax burden. The thing about profits taxes is that they are not a tax on business ... they are running businesses; we'll come back to that later. But my point is that profits taxation is a rare example of a tax purely levied on the success of an enterprise. Hong Kong profits tax ...

  2. Business - China Business - TAXATION

    China's efforts to curb tax evasion net extra HK$59b

    Posted Mar 20th 2014, 01:35am by Toh Han Shih

    ... billion) of additional taxes in 2013, 38 times more than 2008, according to the website of the State Administration of Taxation. Since 2011, China's transfer pricing agreements with Hong Kong ... per cent to 11.07 trillion yuan in 2012, according to the taxation administration. ...

  3. Business - Banking & Finance - TAXATION

    Swiss bankers set up Hong Kong firms to help clients dodge US tax

    Posted Feb 27th 2014, 01:34am by Toh Han Shih

    ... to the US authorities "to the full extent allowed by Swiss law", and was ready to provide more information but was unable to do so, because the US Senate had not ratified a double-taxation ...

  4. Business - China Business - TAXATION

    Tax collectors exchange data to close loopholes

    Posted Feb 25th 2014, 01:24am by Toh Han Shih

    ... information to combat tax evasion, the State Administration of Taxation announced on its website yesterday. "Resolving the problem of inaccurate information to plug tax loopholes is an important ...

  5. Business - Economy - TAXATION

    EU nations agree on rules to fight tax evasion

    Posted Mar 22nd 2014, 01:30am by AP

    ... Associated Press in Brussels EU united in fight against tax evasion European Union members have agreed on a sweeping policy to fight tax evasion after Luxembourg dropped its reservations to rules that render its secretive banking culture more transparent. ...

  6. Business - Banking & Finance - TAXATION

    Credit Suisse's US clients in identity crisis over tax evasion probe

    Posted Mar 08th 2014, 01:40am by BLOOM

    ... Bloomberg in Newark, New Jersey Thousands in limbo as prosecutors work with Swiss bank to get names of Americans that were helped to hide billions of dollars from taxman Credit Suisse clients in U.s. face identity crisis Thousands of Credit Suisse's ...

  7. Business - Companies - TAXATION

    Cathay to withhold US pilots' wages for taxes

    Posted Mar 03rd 2014, 02:59am by Phila Siu

    ... Phila Siu phila.siu@scmp.com Airline says new laws are forcing it to hand over 30 per cent of salaries to American authorities Cathay to withhold US pilots' wages for taxes Cathay Pacific Airways is to start withholding about 30 per cent of its Ameri ...

  8. News - Hong Kong - TAXATION

    Long arm of UK taxman reaches city

    Posted Feb 25th 2013, 12:00am by Simpson Cheung

    ... Simpson Cheung simpson.cheung@scmp.com Long arm of UK taxman reaches city Some of the 265,000 British citizens in Hong Kong could be affected under a taxation agreement between the United ... countries. The UK-Swiss Confederation Taxation Cooperation Agreement, which was signed in 2011 takes effect this year and is designed to crack down on tax evasion. Hongkongers who may have registered ...

  9. Business - Economy - TAXATION

    Canada and Hong Kong end expats' double tax whammy

    Posted Nov 12th 2012, 12:00am by Colleen Lee

    ... Colleen Lee colleen.lee@scmp.com Trade and investment expected to be boosted as city signs agreement No 26 on taxation HK and Canada in deal to end tax double whammy Hong Kong and Canada have signed a treaty to avoid double taxation and increase trade between the two economies. Currently, income earned by Canadians in Hong Kong who are still deemed residents of Canada ...

  10. Business - Banking & Finance - TAXATION

    China's foreign exchange regulator urges consideration of ‘Tobin Tax’

    Posted Jan 04th 2014, 06:01pm by Agence France-Presse in Beijing

    ... Agence France-Presse in Beijing Yi Gang suggests considering applying tax to foreign exchange deals as a precaution against currency speculation A leading financial regulator in the mainland has suggested the country could introduce a tax on foreign excha ...




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