• Thu
  • Aug 28, 2014
  • Updated: 12:54am


EU fails to adapt to borderless world

I do not entirely follow the reasoning of this notable hot-air merchant. If the European Union truly has evidence that its citizens, personal or corporate, defraud it of €1 trillion a year, why do its law-enforcement agencies not take action?

Sunday, 26 May, 2013, 4:35am 6 comments

Rich dodge US$156b tax on hidden assets, says Oxfam

The international aid agency Oxfam says the unpaid tax is twice the sum required for every person in the world to live above the extreme poverty threshold of US$1.25 a day.

11 Feb 2014 - 7:32am

Apple's tax practice in China subject of fierce debate

While legislators in the United States put Apple under a microscope, the company's tax strategy in China has also become the focus of a lively debate.

22 May 2013 - 2:11pm

Ireland rejects blame for Apple’s low tax rate

Ireland said on Tuesday it was not to blame for Apple’s low global tax payments and had no special rate deal with the company after the US Senate said it paid little or no tax on tens of billions of dollars in profits stashed in Irish subsidiaries.

22 May 2013 - 2:56am

Bumper year in 2012-13 as tax revenue hits record HK$242b

Hong Kong collected record-breaking tax revenue of HK$242.2 billion for the 2012/13 fiscal year, thanks to healthy growth in company earnings.

3 May 2013 - 5:37am 1 comment

Australia proposes new tax for disability welfare

Prime Minister Julia Gillard has pinned her government’s re-election hopes on a new welfare scheme for the disabled, proposing on Tuesday a new tax to better fund care for Australians with severe physical and mental disabilities.

1 May 2013 - 1:21pm

Break free from foreign tax shackles and embrace Hong Kong's low rate

We arrived in Hong Kong a few months ago. My partner's initial contract is for two years with another two likely after that. Do you have any personal finance tips for us, or comments on pitfalls to avoid?

25 Mar 2013 - 3:30am

Cyprus bank levy spooks Hong Kong investors

Hong Kong stocks had their largest fall in more than a month yesterday, led by HSBC, as plans by Cyprus to levy an unexpected tax on bank deposits triggered fresh worries over financial stability in Europe and panic selling across the board.

19 Mar 2013 - 5:24am

It's risk-off again as troika plays with fire in Cyprus

Anyone who thought financial markets had broken out of the risk-on, risk-off cycle that has dominated trading for the last couple of years surely changed their mind yesterday.

In Hong Kong the benchmark Hang Seng stock index tumbled 2 per cent as investors reacted to the proposed bail-out deal for Cyprus by rushing to take their money off the table.

19 Mar 2013 - 4:16am 3 comments

Debate resurfaces over China carbon tax plan

Calls for a tax on carbon emissions have resurfaced on the mainland in recent weeks, with a top policy official at the Ministry of Finance publicly highlighting the need to overhaul tax policies to improve environmental protection and energy conservation.

8 Mar 2013 - 7:02am