• Tue
  • Dec 23, 2014
  • Updated: 11:06am

Tax Haven

Mainland businesses welcome new tax law

But local officials say end to preferential rates will spook foreign investors

Friday, 9 March, 2007, 12:00am

Carbon tax the way to blue skies and financial stability

The purpose of taxes in Hong Kong is to collect revenue for public spending on the various needs of society. The purpose of taxes in other developed countries sometimes goes beyond mere public revenue to act as a financial tool to drive certain changes.

27 Dec 2006 - 12:00am

Must we pay taxes to be responsible citizens?

Tucked away in paragraph 46 of the government's recent consultation paper on a goods and services tax was a rather sinister passage, arguing that the paying of taxes strengthens a sense of civic responsibility. That is highly questionable.

10 Aug 2006 - 12:00am

GST may boost offshore deals

Tax and property experts believe more investors will do business through overseas firms to avoid paying proposed levy

The use of offshore companies by property investors to buy Hong Kong assets could surge should the proposed goods and services tax (GST) be introduced, according to tax experts and property consultants.

2 Aug 2006 - 12:00am

Law ends tax worries for offshore funds in HK

Legal basis for exemption brings HK in line with rival Singapore but will not encourage more locally domiciled funds

A new tax law passed by lawmakers last week has lifted a cloud of uncertainty for many Hong Kong fund managers and added a star to the city's credibility as an international investment fund centre.

7 Mar 2006 - 12:00am

Experts call for bigger tax breaks for funds

They say proposed law does not go far enough to attract offshore funds to HK

Tax experts are urging the government to widen the scope of the proposed tax exemption law governing offshore funds in a bid to encourage more fund management companies to operate in Hong Kong.

5 Sep 2005 - 12:00am

Boost for corporate tax-rate merger

Unified levy supported for domestic and foreign banks

The Ministry of Finance has pledged support for the merger of the two-tier corporate tax system for domestic and foreign financial institutions, mainland media reports say.

23 Dec 2004 - 12:00am

OECD in tax crackdown

Paris: The Organisation for Economic Co-operation and Development (OECD) urged its 29 member nations to share information on deposits, interest income and tax investigations to fight tax evasion. A report from the Paris-based group, which is mainly a think tank with no legislative powers, may buttress Britain's effort to get European Union countries to reduce bank secrecy.

13 Apr 2000 - 12:00am