• Fri
  • Nov 21, 2014
  • Updated: 8:02am

Public Finance

Beijing moves to clean up problems with local debt

The central government said yesterday it had cleaned up nearly half the 530 billion yuan (HK$649 billion) worth of local government debt from 2010 found to have irregularities during an investigation.

Thursday, 5 January, 2012, 12:00am

Tsang is breaking his tax cut pledge at the very worst time

It looks as if Donald Tsang Yam-kuen is going to renege on his promise to cut corporate taxes just when a tax cut is most affordable and exactly when it could do Hong Kong the most good.

It seems a long time ago now, but back in 2007 ahead of his re-election as chief executive, Tsang promised to cut the city's profit tax rate to 15 per cent.

4 Jan 2012 - 12:00am

Wasteful subsidies are not the answer to air pollution or energy price rises

The debate over the proposed increases in electricity prices brings about an interesting dilemma for a crowded city like Hong Kong, and a situation whose time has come.

23 Dec 2011 - 12:00am

Easing expected as inflation slows

A sharp slowdown in inflation on the mainland and the moderation of other economic indicators in November is expected to give policymakers more leeway to loosen monetary policy to promote growth.

10 Dec 2011 - 12:00am

Calls for government to cut wealth gap ignore reality

Most Hongkongers see the city's wealth gap as a serious problem and believe the government is doing little to tackle it, according to a Chinese University survey.

SCMP, December 2

But how can government tackle it?

4 Dec 2011 - 12:00am

Beijing takes aim at big spenders with draft rule

Beijing has drafted a regulation on government spending on cars, receptions and foreign trips in an effort to rid mainland governments of their reputation for wasteful extravagance.

23 Nov 2011 - 12:00am

Paying the price

Some people tied cash to a pear and threw it into the yard of Ai Weiwei's home. Some made planes out of the renminbi notes and 'flew' them into the yard; eight of these planes landed on his lawn. Those who gave money in person queued outside his door.

21 Nov 2011 - 12:00am

Predictable tax system in HK seen as a boon

Hong Kong's tax rate continues to rank as one of the world's lowest, and the city remains one of the easiest places to comply with tax obligations.

11 Nov 2011 - 12:00am