Public Economics

Firms not exempt from stamp duty on Hong Kong homes

A saleswoman yesterday waits for flat buyers. Photo: Nora Tam

Local companies will not be exempted from the new higher stamp duty on homes, top government officials said yesterday, amid warnings that further measures to cool the property market could be introduced, including a capital gains tax.

Thursday, 7 May, 2015, 12:48pm 7 comments

The Week Explained: Tax Avoidance

Mug's game: Starbucks has not paid corporate tax for the past three years. Photo: Reuters

Those of us who assumed that there was something dubious about the world's most famous purveyor of milky hot drinks (it calls itself a coffee specialist) have discovered that there is also something dubious about Starbucks' tax arrangements.

29 Oct 2012 - 2:22am

Welfare recipient bids for judicial review over 'inadequate' rent subsidy

Outdated government policy on rent subsidies is forcing the poor to live in inhumane conditions, according to one welfare recipient who is preparing to take the government to court to change the system.

Joel Suen Mo is calling for a judicial review of policy on rent subsidies for recipients of the Comprehensive Social Security Assistance scheme (CSSA).

8 Sep 2012 - 2:44am

China's property tax reform must focus on long-term goals

China's property tax reform must focus on long-term goals

A slip-up over the introduction of a property tax has renewed public debate on this critical issue. Last week, the Ministry of Land and Resources said on its website that the government was planning to collect property taxes in Hunan and Hubei , but the statement was removed a day later, and provincial officials quickly denied there was such a plan.

30 Aug 2012 - 5:46am

Calls to help poor via tax subsidies

The tax system could be reformed to increase the incomes of poor families and spare them the stigmatising effect of applying for handouts, say two members of a committee to tackle poverty.

21 Jun 2012 - 12:00am

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

Tax added to 'mass incidents' question

These days, riots and protests, dubbed 'mass incidents' in a euphemism used by state media, have become increasingly widespread and violent on the mainland despite the leadership's heavy-handed efforts at maintaining social stability.

31 Oct 2011 - 12:00am

VE Day drives rally in HK equities; mainland next up

A breakthrough! An agreement was struck last week by euro-zone leaders to dramatically cut Greek debt - largely due to a long overdue plan to force investors to take a 50 per cent loss on Greek government bonds. The deal promised to seal Greece's debt crisis. Equity markets soared globally, with the Hang Seng Index up 11 per cent for the week.

31 Oct 2011 - 12:00am

Punishing tax regime makes everyone suffer

As widely expected, the mainland tax authorities last week unveiled plans to cut taxes for low-income earners and raise them for the rich as part of the efforts to narrow a widening income gap which has contributed to social discontent.

25 Apr 2011 - 12:00am

Proposed change set to increase spending power

The State Council approved in principle, on March 1, proposed amendments to the individual income tax (IIT) law. It is now being examined by the Standing Committee of the National People's Congress.

21 Apr 2011 - 12:00am

This Greek tragedy should be a salutary lesson for Hong Kong

Our democratically minded citizens and politicians need to pay attention to the Euro110 billion (HK$1.1 trillion) in loans from 'euro-zone countries and the International Monetary Fund' which is being given to Greece to bail it out of bankruptcy ('Anger builds amid rush to implement more spending cuts', May 4).

6 May 2010 - 12:00am

23 schools want to increase tuition fees

1 May 2010 - 12:00am

Put brakes on nationalisation, academic urges

An outspoken economics professor is calling on the National People's Congress to reverse a trend towards nationalisation and support continued privatisation, which he says has been pushed aside.

25 Feb 2010 - 12:00am

7b yuan subsidy for appliance, car purchases

In its latest effort to boost domestic consumption, Beijing announced plans yesterday to provide more subsidies for purchases of cars and home appliances.

The State Council said at an executive meeting that, for the first time, it would allocate 2 billion yuan (HK$2.27 billion) in subsidies to encourage consumers to replace old home appliances.

20 May 2009 - 12:00am

Firms face scrutiny of employee taxes as revenue slides

Beijing will require all companies to file details on employees' tax payments and will scrap tax preferences for unqualified companies after the mainland's revenue dropped in the first quarter of this year.

11 May 2009 - 12:00am