Income | South China Morning Post
  • Mon
  • Mar 2, 2015
  • Updated: 3:45pm


Wealthy win lion’s share of major tax breaks

President Barack Obama has proposed to cap the rate at which wealthier households can reap savings from itemised deductions at 28 per cent. Photo: Reuters

Wealthier households benefit significantly more than lower earners from big tax breaks such as deductions for mortgage interest and charitable giving, the government said in a new study.

Thursday, 30 May, 2013, 11:06am

The price of freedom

Illustration: Emilio Rivera

Does it ever feel like all your money disappears on bills? That you are not really working for yourself at all, but rather for your landlord, a host of utility companies and the local food store?

9 Apr 2013 - 4:42am

The Week Explained: The cost of happiness

Hongkongers' US$197,000 happiness. Photo: Corbis

How much money do you need to make you happy? It's a reasonable question that is damned hard to answer yet the people at Skandia International have conducted one of those surveys that purports to provide a response.

26 Nov 2012 - 2:17am

Minimum HK$1.5m needed to be happy in Hong Kong, poll finds

A survey showed more than 80 per cent of Hongkongers believed a certain level of income could bring them happiness.

Hongkongers on average need to earn HK$1.5 million a year to be happy, ranking them third among 13 places in the world, according to a global survey by an investment company.

15 Nov 2012 - 10:15am 26 comments

Government salary system out of date

With a monthly salary of HK$282,080 or more, our ministers are perhaps among the best paid politicians in the world. But their fat packages also make them easy targets for public criticism in an ever-demanding society like Hong Kong's. Over the years, the ministers followed the public and private sectors in cutting their own salaries in times of economic downturn.

22 May 2012 - 12:00am

Guard on HK$13 an hour afraid to lodge complaint

The minimum wage law may have been in force for almost a year, but it has been of little benefit to a 78-year-old security guard who gets just HK$13.20 an hour.

The guard, identified only as John, is among thousands of workers who are accepting less than the stipulated HK$28 an hour minimum wage because they fear being sacked if they complain, social workers say.

27 Apr 2012 - 12:00am

Public anger over pay-rise plan

Members of the public yesterday welcomed a call to shelve a proposal to double lawmakers' pay.

And they spoke out against the whole idea of linking lawmakers' pay to that of public servants.

A committee of lawmakers has recommended Legco members' pay be raised from HK$73,150 a month to HK$141,000 a month - 40 to 50 per cent of the salary of bureau chiefs.

12 Feb 2012 - 12:00am

Poor bargain

The proposal to almost double lawmakers' salaries from HK$73,150 to HK$141,000 has sent shockwaves through the community, with a majority of netizens criticising the proposed pay level for being unreasonably high. They say some lawmakers have not been doing their job and don't deserve a raise.

11 Feb 2012 - 12:00am

Companies that give no quarter

Hong Kong Exchanges and Clearing (HKEx) may pride itself on operating one of the leading stock exchanges in the world, but on one basic standard - quarterly reporting - it is out of sync with bourses in New York, Frankfurt, Tokyo, Singapore and even the mainland. Many stock exchanges require it; Hong Kong's doesn't.

2 Jan 2012 - 12:00am

Yue Yuen stock falls as costs hit earnings

Footwear maker Yue Yuen Industrial has posted a 6.2 per cent fall in full-year net earnings despite a significant rise in revenue, as costs buffeted margins.

Shares of Yue Yuen, which makes shoes for Nike and adidas, closed down 1.8 per cent at HK$24.55 yesterday after posting the worse-than-expected results for the fiscal year ending in September.

31 Dec 2011 - 12:00am

Turning the tables on service charges

Johnny Tang is 22, has bleached blond hair, piercings and tattoos halfway up his arm. He might look like an unconventional waiter, but Tang's attitude is what really sets him apart. It's easy to see he's happy in his job and also very good at it.

20 Oct 2011 - 12:00am

Tip in the balance

I'm planning a holiday to New York in a couple of weeks, and apart from the problem of wanting to eat at more than 20 restaurants in six days, I'm having tip anxiety.

I was born and raised in the United States, so tipping is not new to me. I'm fully aware that in America, while tipping wait staff in restaurants is ostensibly voluntary, in reality, it's an obligation.

13 Oct 2011 - 12:00am

Appointees plan to leave salary cuts in place

Donald Tsang Yam-kuen and his team of political appointees will try to avoid controversy by not restoring their salaries to their 2009 levels, even though senior civil servants have been offered a 7.2 per cent pay rise from July, according to a government source.

8 Sep 2011 - 12:00am

Rage over minimum wage

Although the Minimum Wage Ordinance has been in effect since May 1, many human resources (HR) practitioners continue to wrestle with grey areas. On the surface, the ordinance concerns apparently simple words, such as the provision for a pay of HK$28 per hour. However, there are some challenging areas for HR practitioners.

25 Jun 2011 - 12:00am

Junior civil servants to get bigger pay rises

Lower ranked government workers in Hong Kong's 160,000-strong civil service are to get a bigger pay rise than they initially thought.

8 Jun 2011 - 12:00am