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Hong Kong's 2015 Budget

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  1. #11

    Join Date
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    Some things that need exploring (aka my suggestions):

    1. Implement sales tax (could be just a few percent).
    2. Implement progressive tax for high profit companies (e.g. >HKD10,000,000)
    3. Reduce profits tax for low profit companies (e.g. <HKD1,000,000).
    4. Re-peg the HKD.
    5. Abolish stamp duties on securities/shares.


  2. #12

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    75‰ reduction in salaries tax up to $20k max. Now that I can "pocket first"

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  3. #13

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    Salaries tax and tax under personal assessment for 2014-15 will be reduced by 75 per cent, subject to a ceiling of $20,000. This proposal will benefit 1.82 million taxpayers and reduce Government revenue by $15.8 billion.
    and

    Tsang also announces a reduction in profits tax for 2014-15 by 75 per cent, subject to a ceiling of $20,000. The reduction will be reflected in the final tax payable for 2014-15. This proposal will benefit 130 000 taxpayers in the territory and reduce government revenue by $1.9 billion.

  4. #14

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    Also, increase in child allowance by $30k, a saving of $5,100 .....keep it coming

    Last edited by ray98; 25-02-2015 at 11:46 AM.
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  5. #15

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    Quote Originally Posted by ray98:
    75‰ reduction in salaries tax up to $20k max. Now that I can "pocket first"
    Bugger! Now I have to take back my previous post.
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  6. #16

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    And lots of random handouts ...

    109. I shall allocate $100 million to launch a three-year pilot scheme for insurance and asset and wealth management services. Under the scheme, Government will collaborate with the industry to organise activities and provide internship opportunities to allow the community, in particular students, to have a better understanding of the nature and career prospects of different jobs in the two sectors. Government and industry will also enhance the contents of continuing professional development programmes, and provide financial support to encourage practitioners to enrol in these programmes. FSTB is drawing up details of the pilot scheme.

  7. #17

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    And perhaps not all that random...

    114. I shall also allocate an additional $205 million in the next three years to support more young people to participate in Mainland exchange and internship programmes.

  8. #18

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    Was hoping for more property tax relief....but money is money. An extra trip to Macau!


  9. #19

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    Quote Originally Posted by Claire ex-ax:
    Bugger! Now I have to take back my previous post.
    For $20k, I think you have made...

  10. #20

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    Quote Originally Posted by shri:
    And lots of random handouts ...
    And don't forget the handout to minibus companies, as a reward for the injunction against Occupy that some of them took out.
    shri and Gatts like this.

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