The competition between
Kong and Singapore for the position as Asia’s financial centre intensified
Tsang, its chief executive, announced a one percentage point cut in income
and corporate taxes this week.
Tsang said in his first annual policy address since his election to a
five-year term in March, income tax and corporate tax, would be cut to 15% and
16.5%, respectively in 2008-09.
The reduction is expected to widen the gap with Singapore, which cut its
corporate tax rate by two points in February, to 18%, hoping to attract more
financial services and technology companies.
Tsang pledged in his election campaign to cut the standard rate of income and
corporate taxes to 15% in five years.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Does Darwin's theory apply to taxation? Colin ponders...