• Fri
  • Dec 19, 2014
  • Updated: 7:38pm


Suze Orman talks money

Finance guru Suze Orman

Financial guru, writer, producer, speaker and multimillionaire Suze Orman trades tips with Anna Healy Fenton on a recent trip to the city.

Tuesday, 18 September, 2012, 5:04pm

The Irish loophole behind Apple’s low tax bill

A taxing issue. Apple chief executive Tim Cook (centre), flanked by Apple chief financial officer Peter Oppenheimer (left), and Phillip Bullock, Apple's head of Tax Operations, testifies on Capitol Hill in Washington, Tuesday. Photo: AP

Apple’s ability to shelter billions of dollars of income from tax has hinged on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs.

22 May 2013 - 10:37am

Thank the Cypriot parliament for averting euro-catastrophe

The Cypriot parliament voted unanimously against plans to slap a tax on the islanders' bank deposits. Photo: AP

It can have surprised no one that members of the Cypriot parliament voted unanimously against plans to slap a tax on the islanders' bank deposits.

21 Mar 2013 - 5:20am 4 comments

Taxation measures influence market

Policy measures relating to taxation and lending conditions can significantly influence buyers worldwide.

Policy measures relating to taxation and lending conditions can significantly influence buyers worldwide, including luxury home buyers, says Christie's International Real Estate.

20 Mar 2013 - 5:22am

Let's stamp out this talk about Hong Kong's narrow tax base

John Tsang Chun-wah, Financial Secretary. Photo: Edward Wong

Once again talk is going round in government circles that Hong Kong's tax base is too narrow. It offends the official mind that fewer than 1.5 million Hongkongers - less than 40 per cent of the city's workforce - contribute to the government's coffers by paying salaries tax.

14 Mar 2013 - 7:47am 1 comment

Qianhai a potential investment alternative to Hong Kong

An 18 sq km area is being developed in Qianhai, which is being touted as a viable option to Hong Kong. Photo: Edward Wong

Despite signs of increased activity in the office market leading up to the Lunar New Year break, occupier demand in Hong Kong remains rather subdued. However, despite the lack of movement, vacancy rates continue to trend downwards and are below 3 per cent for the market as a whole. Given that office markets worldwide generally require a level of vacancy of 6-8 per cent, the situation obviously remains extremely tight for occupiers.

13 Mar 2013 - 5:07am

20% capital gains tax on mainland properties sparks stampede

Home sellers and agents pack the real estate exchange centre in Nanjing as they try to register their property transactions before the 20 per cent tax takes effect. Photo: Xinhua

Real estate exchange centres in Beijing, Shanghai, Nanjing, and Wuhan were packed with property sellers and agents over the weekend, forcing some of them to extend their opening hours until 9 pm, from 5pm on normal days.

6 Mar 2013 - 4:40am

Wealth tax idea worthy of debate

A higher tax on our top tier of wealth or income can help bridge inequality. Photo: Bloomberg

A higher tax on the owners of Singapore's most expensive homes - the top 1 per cent - resonates here because it is aimed at closing a widening income gap, a problem we share. But it has prompted property and tax experts to say it would not work in Hong Kong because our residential property market is different. 

3 Mar 2013 - 3:32am 2 comments

How higher estate taxes can make Hong Kong equitable

Higher property taxes can be a way to redistribute wealth in the city. Photo: Bloomberg

We must come up with a redistribution process that transfers back to society the money that landlords and rich property owners earn. This must come in a form of an estate tax (for properties above a certain value), higher rental income tax, property inheritance tax and capital gains tax on the appreciated portion of the property.

25 Feb 2013 - 2:52am 1 comment

Long arm of UK taxman reaches city

James To Kun-sun. Photo: Edward Wong

UK taxpayers with bank accounts in Switzerland will have to disclose their account details or be taxed up to 41 per cent of their balance under a deal between the two countries. The UK-Swiss Confederation Taxation Cooperation Agreement, which was signed in 2011 takes effect this year and is designed to crack down on tax evasion.

25 Feb 2013 - 5:27am

Call for budget to look ahead and spend more on the young

Lawrence Leung says spending on the younger generation should be made a priority.

Tax rebates may be the fastest way to help relieve the financial burden on the middle class, but the budget should reflect better planning, including making spending on the younger generation a priority, Lawrence Leung Kwan says.

25 Feb 2013 - 5:27am

In Europe’s tax race, it’s the base, not the rate, that counts

Irish finance minister Michael Noonan. The tiny euro zone member is fighting a last-ditch battle to keep its 12.5 per cent corporate tax rate at a time when big business is under fire over its use of sophisticated accounting mechanisms to minimise its tax payments. Photo: AP

In late November, members of the American Chamber of Commerce gathered at the Four Seasons hotel in Dublin for a Thanksgiving lunch of roast turkey and pumpkin pie and a declaration of hospitality from Ireland’s finance minister.

19 Feb 2013 - 2:43pm

Budget must increase cigarette tax

Price measures have been shown around the world to be the single, most effective measure in reducing tobacco use. Photo: AFP

Price measures have been shown around the world to be the single, most effective measure in reducing tobacco use, especially among the young. The protection of young people from addiction to tobacco should be one of Hong Kong's highest public health priorities. 

18 Feb 2013 - 1:55am

London and Hong Kong set to ignore EU money-laundering rules

The UK government has made it plain that it will not charge the EU financial transactions tax on deals done in London. Photo: Reuters

The European Union proposed a tax on financial transactions that could be collected worldwide as soon as next year by the 11 countries that have so far signed up to participate. To escape the proposed tax entirely, firms in other countries would have to cease financial services business with the 11 countries involved.

17 Feb 2013 - 1:59am 1 comment

Move on 'foreign investors' tax breaks is shutting a Hong Kong loophole

Foreign-invested enterprises' share of mainland's exports (left) and Hong Kong FDI inflows and outflows

Let's start by putting this hit-the-foreigners element of Beijing's latest tax initiative into perspective. The share of foreign-invested enterprises in the mainland's exports rose from less than 30 per cent 20 years ago to almost 60 per cent in 2006 and has now declined again to about 50 per cent.

14 Feb 2013 - 4:53am 2 comments