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    3600 Speculation Case &Nbsp; Levy Profits Tax.

    2010/11/27 15:47:00 43

    Profits Tax Owners Of Property Market

    Hongkong SAR government takes the initiative to attack Property market Speculation, but was challenged not to attack Off Shore Company speculators. Zheng Ruhua, director of transport and housing, said that although the Inland Revenue Department did not collect and analyze the number of cases involving property speculation, it involved overseas or overseas registration. company However, it has been closely followed up in the name of individuals or companies, or through the transfer of shares in the company, and has been levied on 3600 cases involving speculation. Profits tax More than 7 of them involve individual owners.


    In response to questions raised by members of the Legislative Council yesterday, Zheng Ruhua stressed that the current measures to crack down on speculation are aimed at short-term speculation. flipping 。 They will continue to closely monitor the situation of the property market. If there is any new development, the authorities will take appropriate measures to ensure a stable and healthy development of the property market.


    Monitoring QE2 derivative risk


    In response to the second round of quantitative easing measures (QE2) launched by the US Federal Reserve, Ceng Junhua, the financial secretary, said in response to a written response to the questions of the members of the HKSAR government, noting that the SAR government has noticed the potential side effects of QE2 on the global economy, especially the better economic prospects in Asia. It is expected that more capital will flow into the region, thereby increasing the risk of inflation in Asia, asset bubbles and the volatility of the financial and foreign exchange markets. Hongkong will face the same challenges.


    Ceng Junhua said that the situation of ample local liquidity and low interest rates will continue for a longer period due to QE2, which will raise asset price inflation expectations, thereby increasing the risk of asset price bubbles. Therefore, the HKSAR government is very concerned about the macroeconomic risks derived from QE2 and will closely monitor the situation.


    Access to improve accessibility facilities


    In addition, Liu Jianghua, vice chairman of the Democratic Alliance for betterment of Hong Kong (DAB), raised an oral question in the Legislative Council. He was concerned about whether the government would urge the remittance to revisit and improve all the facilities of its property from the perspective of users, so as to create a truly barrier free environment to fulfill the responsibilities of social enterprises. In response, Zheng Ruhua pointed out that the company was actively following up the 8 shopping malls which were identified as "barrier free facilities" which were not up to standard, and the shopping centres were carrying out improvement works. The improvement plan will be put forward by the end of the year to enhance the barrier free facilities standards of the shopping malls.

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