Friday 28th June 2013
Dear Reader,
NEW ARTICLE
K C Chan is satisfied -
are you?
The Minister says they have achieved their goal, whatever
that is. Apparently freezing up the market is a Good Thing. 15% Buyer's Stamp
Duty and 8.5% Double Stamp Duty are still not law and will not be payable if the
law is not passed. We urge readers to write to the LegCo bills committees to
demand that they veto the proposals. (28-Jun-2013)
RECENT ARTICLES
Second submission to LegCo on DSD
This morning's session
with public delegations, in which a junior civil servant was fielded, leaves a
number of fundamental policy questions to be answered by the principal
officials. Here they are. (13-Jun-2013)
Avoiding double stamp duty
A HK$1.6bn deal announced
yesterday neatly demonstrates how the proposed Double Stamp Duty will drive
higher-end transactions into the corporate transfer market, while freezing up
the low end with prohibitive taxation. We'll be speaking against DSD in LegCo
tomorrow. (12-Jun-2013)
IN OTHER NEWS
Listing Appeals Committee criticises Pearl Oriental Oil (0632) and directors
SEHK, 27-Jun-2013
Concentration warning in Pak Tak (2668)
SFC,
25-Jun-2013
New HK$4.5bn round of indiscriminate handouts to begin in July
HK Government, 23-Jun-2013
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