They say proposed law does not go far enough to attract offshore funds to HKMonday, 5 September, 2005, 12:00am
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
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
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
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
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