• Wed
  • Apr 23, 2014
  • Updated: 7:12pm

Internal Revenue Service

Swiss to let banks give client info to the US

Switzerland is proposing a change to its banking laws that will let Swiss banks pass on information about US citizens to the United States tax authorities.

Thursday, 30 May, 2013, 4:33am

US tax official in political row denies wrongdoing

The US tax official at the centre of the storm over the collection agency's targeting of conservative groups told Congress yesterday that she had done nothing wrong and then invoked her constitutional right to refuse to answer lawmakers' questions.

23 May 2013 - 4:38am

IRS chief sacked as Republicans try to blame White House for tax scandal

The US's top tax official has been fired as President Barack Obama tries to stem a rising tide of criticism over the Internal Revenue Service's (IRS's) targeting of conservative groups for special scrutiny.

29 Aug 2013 - 4:13am

Business Digest, February 14, 2013

Bank of England governor Mervyn King said Britain faced more inflation and a muted economic recovery. "Inflation is likely to rise further in the near term and may remain above the 2 per cent target for the next two years," King said. 

14 Feb 2013 - 4:53am

Ex-Xinhua Finance CEO Loretta Fredy Bush signs plea deal

The former chief executive of Xinhua Finance, accused of joining a US$50 million insider trading scheme, signed a plea deal with prosecutors resulting in a single charge of conspiring to obstruct the United States Internal Revenue Service.

24 Jan 2013 - 4:58am

Long arm of the IRS

The United States Inland Revenue Service (IRS) is reopening its voluntary disclosure programme for US citizens and green-card holders living overseas. This includes US citizens living in Hong Kong. According to estimates there are 30,000 to 40,000 Americans living in Hong Kong.

31 Jan 2012 - 12:00am

Explanation needed

The case of Teresa Tse Yip Siao-bing, the former assistant director of information technology services who, it has been revealed, was sacked under a catch-all provision in the government's Public Service (Administration) Order, raises some intriguing questions about how disciplinary procedures are managed in the civil service.

10 May 2002 - 12:00am

$45m bill for territory's top taxpayer

Hong Kong's biggest-paying individual taxpayer contributed $45 million to the Inland Revenue this year, the largest amount since 1997.

Authorities would not disclose details but the tax bill suggests an assessable income of about $300 million for the financial year.

5 Apr 2002 - 12:00am

Acting chief 'shifted blame' in expat row

Acting Commissioner for Inland Revenue Elmo D'Souza misled the Legislative Council in the row over expatriates evading taxes, a Legco committee has found.

15 Feb 2001 - 12:00am

Tax return form bilingual

I refer to the letter headlined, 'Guess the taxpayer's language', which appeared in the South China Morning Post, on June 9, from 'Name and Address Supplied'.

Your reader indicated that he likes to receive an instruction booklet in English language to accompany the tax return issued to him for completion.

26 Jun 1998 - 12:00am