Some regional taxation bureaus have been accused of violating the mainland's new personal income tax law, which this month raised the tax threshold from 2,000 yuan (HK$2,400) to 3,500 yuan, state media reported.Monday, 12 September, 2011, 12:00am
A red-faced State Administration of Taxation yesterday denied that it had ever issued a directive explaining how to calculate taxable income from year-end bonuses - despite it being reported as fact in official media over the weekend.
The administration vowed to pursue those who had fabricated the 'false' document that had 'confused and misled the public'.16 Aug 2011 - 12:00am
The adjustment to the mainland's income tax threshold won some applause from the public yesterday, but most people still think it's too low.1 Jul 2011 - 12:00am
No concrete measures will be recommended in a forthcoming government report to solve the challenges faced by Hong Kong's tax system, although the majority of the public agree the city needs to broaden its tax base.30 Apr 2007 - 12:00am
A land and sea departure tax, a capital gains tax or an income tax levied on Hong Kong citizens worldwide should be considered as alternatives to broaden the tax base, Hong Kong accountants say.15 Dec 2006 - 12:00am
I have yet to meet anyone who says they enjoy paying taxes. I have met many people, though, who agree that taxes are an important part of the price citizens need to pay for a civilised society. I have had the unusual experience, also, of seeing conservative parties win a 'GST election' in Australia.7 Sep 2006 - 12:00am
The government should have explored the likely impact of a goods and services tax (GST) on low-income families before launching the public consultation, the Civic Party said yesterday.
But while others are calling for the scrapping of the consultation, the party is taking a wait-and-see stance on the GST.1 Sep 2006 - 12:00am
A unionist legislator has given rare backing to the proposed goods and services tax, saying it would be acceptable provided the government can eliminate the worries of the poor.
Kwong Chi-kin, of the Federation of Trade Unions, said yesterday a GST was fair as people who consumed more would pay more.26 Aug 2006 - 12:00am
About 200 people braved a thunderstorm to protest against the proposed goods and services tax (GST) yesterday.
Legislator Sin Chung-kai of the Democratic Party, which organised the march from Wan Chai to Central, said Financial Secretary Henry Tang Ying-yen should shorten the nine-month public consultation. He said the proposal had provoked social conflict.21 Aug 2006 - 12:00am
In countries where it has been introduced, a goods and services tax has been unwelcome and unpopular. It's widely regarded as political poison for any government that forces it on a people.
In Hong Kong, it was sensible of the government to launch its GST consultation exercise at a time when the economy is picking up.12 Aug 2006 - 12:00am