• Fri
  • Aug 1, 2014
  • Updated: 7:56am

Tax Haven

Experts call for bigger tax breaks for funds

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

Monday, 5 September, 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

Economic crisis prompts rethink on tax policy

The recent economic slump is believed to have forced the Government to reconsider proposals to cut corporate tax by 1.5 percentage points to 15 per cent.

The flagship reform has the backing of business and would be a key initiative in the Government's drive to keep the territory at the forefront of low tax regimes.

16 Jan 1998 - 12:00am

Central bank considers raising withholding tax to foreigners

The People's Bank of China, is reviewing a decision by taxation authorities to impose a withholding tax on foreign banks, a senior bank official said yesterday. The State Administration of Taxation imposed the new tax from July 1, but it does not apply to domestic banks. Foreign bankers have complained this leaves them at a disadvantage.

27 Sep 1997 - 12:00am

Tampering with tax system a risky business

I disagree with J. Lau (letter headlined, 'Make short-term volatility a thing of the past', South China Morning Post, July 7), who said that capital gains tax is the answer to curbing speculation.

In most Western developed countries, capital gains tax is a tax on the increase in the capital value of real property which hits a seller even after years of owning the property.

12 Jul 1997 - 12:00am