• Sun
  • Sep 21, 2014
  • Updated: 10:32pm

Corporate Tax

Abolishing corporate tax would send wrong message

Apple's chief executive, Tim Cook, did not cower when he testified before the US Congress. He came out fighting and boldly told his senator inquisitors: "We pay all the taxes we owe, every single dollar."

Saturday, 1 June, 2013, 1:36am

EU leaders face tough talks at tax-fraud summit

EU leaders tackle tax fraud said to cost a trillion euros a year at a summit on Wednesday in the hope that tightening up the rules will help restore faith in European integration and raise revenue.

But Austria and Luxembourg are both reluctant to sign up and share information on bank accounts automatically for fear of undermining their important financial services sectors.

22 May 2013 - 6:06pm

UK lawmakers call for tax crackdown on multinationals

A committee of UK lawmakers has called on government to crack down on multinational companies that make substantial sales in Britain but pay little tax here, echoing demands from leaders across Europe for measures to tackle corporate tax avoidance.

3 Dec 2012 - 9:05am

Tax protest to hijack Starbucks outlets

Dozens of UK Starbucks branches will be turned into creches, refuges and homeless shelters, as direct action group UK Uncut hijacks the coffee outlets to highlight the chain's tax avoidance tactics.

13 Nov 2012 - 5:59am

Talking Points

Unions give CY input on policy address

12 Nov 2012 - 3:30am

Tax solutions go online

Governments globally are making strenuous efforts to streamline tax systems for small and medium-sized enterprises (SMEs) and to bring them to some semblance of uniformity.

15 Nov 2011 - 12:00am

Taxman cuts earnings at Sinopec Shanghai

Sinopec Shanghai Petrochemical has slashed its first-quarter net profit by 20 per cent after the local office of the State Administration of Taxation decided to strip the company of its preferential tax treatment from the start of this year.

10 Aug 2007 - 12:00am

Huge back taxes loom on state-controlled companies

Earnings to suffer once provisions are made, says expert

Profits of the nine state-owned firms that are facing back taxes will be hit this year as they need to set aside large provisions, according to an accounting expert.

7 Jul 2007 - 12:00am

Tax puzzle stalls listing at least two months

Sichuan Chemical, the first H-share listing to be hit by mainland authorities' March directive on tax, will postpone its US$55 million float for at least two months, sources say.

The company and the underwriting team expected it would take about two months before there would be a verdict on the firm's tax status, given as the reason for the delay.

22 May 1998 - 12:00am

Sichuan Chemical listing promotion tour in disarray over preferential-tax query

Officials from listing candidate Sichuan Chemical have cancelled a promotional tour of Hong Kong and flown back to Sichuan after being unable to confirm how much tax the company would pay.

In the run up to the H share's listing, confusion has emerged over whether it will continue to receive preferential income tax concessions from the Sichuan authorities.

20 May 1998 - 12:00am

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