• Sat
  • Jul 12, 2014
  • Updated: 7:48pm

Sales Taxes

Recession threatens Japan's tax rise

Japan's economy sank into recession in the second and third quarters, fuelling opposition leader Shinzo Abe's calls for more stimulus and highlighting the risk that weak growth will derail a planned sales tax rise.

Tuesday, 11 December, 2012, 3:25am

Can the US economy survive the fiscal cliff?

One certainty about life, in addition to Keynes' death and taxes, is that everything changes. And no more so than in the financial environment. For a while everybody was fixated by the problems surrounding the US, then Greece, then concern moved to the PIGS, oh, and let's not forget Europe's banks.

14 Nov 2012 - 2:58am

Taxes play a crucial role

You are pushing your trolley in an airport. On top of your suitcase, you have several bags with great souvenirs you have bought during the holiday.

Suddenly a sign catches your attention: 'VAT refund.' Can you get your money back?

14 Apr 2008 - 12:00am

Proposal for GST denounced as a 'sugar-coated poison'

Lawmakers, traders and unions say the government's plan to widen tax base will hit business hard

Shops fear the worst if a 5 per cent tax on goods and services is brought in. They say it will hit business hard and erode already razor-thin profit margins.

19 Jul 2006 - 12:00am

Winning tax policy

Sometimes, the simplest things in life can turn out, on inspection, to be nothing less than extraordinary. So it is with the humble Taiwanese 'uniform invoice', the machine-generated receipt handed to you after buying anything from a new car to a can of Coke.

14 Apr 2005 - 12:00am

Customs levy 'would be ruinous for tourism'

Travellers to Hong Kong may have to declare the value of their luggage at Customs before being allowed entry if a proposed sales tax was introduced, a tourism industry leader and an academic said yesterday.

They feared that such a situation - in addition to the need to apply for tax rebates - would further inconvenience visitors.

4 Mar 2002 - 12:00am

Slowdown drags on new-car sales

New-car sales will slow to between 25,000 and 26,000 units this year according to the Motor Traders' Association.

Chairman Johnson Li said sales were being hurt by the slowing economy.

Sales fell sharply to 27,028 last year from a peak of 39,102 in 1997.

New-car sales stood at 18,337 to August, the association said.

2 Oct 2001 - 12:00am

Sales tax will hurt working class

Some politicians have proposed that a sales tax should be imposed in Hong Kong.

This would slow economic revival in the SAR and it would be unfair to working people. Unlike the rich, they cannot find ways of avoiding payment of tax. Wealthy people can purchase a company. Tax is then waived under a company expenditure clause, to encourage the generation of income.

18 Jan 2000 - 12:00am