Originally posted by I'm back:
what talking you
nothing, go bathing first..
Originally posted by angel7030:
The fact is they got no rebate and relief in their taxes, you go the right fact or not??? In fact, most of the lower earning singaporeans are not even paying taxes after so much relief, and a poor HKees still have to pay taxes even if he had 10 childrens ya. You understand taxation or not??/
Do you know what are called deductibles?
If you do, then you should know that a single person's relief in HK is USD$12,500.00, FAR MORE than a Singaporean's personal relief of S$3,000.00
Current HK taxes are lower than Singapore's. This IS a FACT.
Do you know that? NO. This is ALSO a FACT.
Other interesting comparisons. HK has NO GST (0%). Singapore has 7% GST.
Singapore corporate tax is 18%, HK is 16.5%.
Overall, I feel you are arrogant and ignorant, a very potent mix of attributes that cause frustration to everyone around you.
Originally posted by soul_rage:Do you know what is called deductibles?
If you do, then you should know that a single person's relief in HK is USD$12,500.00, FAR MORE than a Singaporean's personal relief of S$3,000.00
Current HK taxes are lower than Singapore's. This IS a FACT.
Do you know that? NO. That is ALSO a FACT.
My friend, taxation if a wholesome collective, if you are talking about personel income taxation, let compare a mere Singaporean guy and a Hk of 2 kids, Sg guy got CPF relief, personal relief, NS relief, Childs relief, wife relief, parents relief and so on and also occasionally Gst rebate and govt rebates. Ending up sg guy dun have to pay a single cents, if i am not wrong, you also get 2nd and 3rd child tremedous relief that end up can end up income tax credit to you instead of you paying income tax. So, what is HK 12,000 USD one time personal relief comparing to us, govt got give them any other rebate or not???
Originally posted by soul_rage:Do you know what are called deductibles?
If you do, then you should know that a single person's relief in HK is USD$12,500.00, FAR MORE than a Singaporean's personal relief of S$3,000.00
Current HK taxes are lower than Singapore's. This IS a FACT.
Do you know that? NO. This is ALSO a FACT.
Other interesting comparisons. HK has NO GST (0%). Singapore has 7% GST.
Singapore corporate tax is 18%, HK is 16.5%.
Overall, I feel you are arrogant and ignorant, a very potent mix of attributes that cause frustration to everyone around you.
it's pointless to tell her
have a look at http://sgforums.com/forums/10/topics/384261?page=2
For the man or woman who calls himself/herself angel7030.
I will give you some more background so that you don't embarass yourself on HK matters in future.
Excerpts from an article:
http://www.freedomandprosperity.org/Papers/hongkong/hongkong.shtml
The net effects of the allowances, personal deductions, brackets and rates of tax are as follows.
So are you done fooling everyone including yourself, angel7030?
Originally posted by angel7030:
My friend, taxation if a wholesome collective, if you are talking about personel income taxation, let compare a mere Singaporean guy and a Hk of 2 kids, Sg guy got CPF relief, personal relief, NS relief, Childs relief, wife relief, parents relief and so on and also occasionally Gst rebate and govt rebates. Ending up sg guy dun have to pay a single cents, if i am not wrong, you also get 2nd and 3rd child tremedous relief that end up can end up income tax credit to you instead of you paying income tax. So, what is HK 12,000 USD one time personal relief comparing to us, govt got give them any other rebate or not???
I only quoted ONE example. I did not say that Hong Kong has only ONE deductible.
Hong Kong has a whole set of deductibles that can rival Singapore's.
You are so very wrong, until you have nowhere to go. Why don't you just be gracious and admit you don't know, and we will forgive you for your ignorance.
Originally posted by soul_rage:I only quoted ONE example. I did not say that Hong Kong has only ONE deductible.
Hong Kong has a whole set of deductibles that can rival Singapore's.
You are so very wrong, until you have nowhere to go. Why don't you just be gracious and admit you don't know, and we will forgive you for your ignorance.
they have indeed only one ductible, no children relief, they wanted less population and they dun care about your parents too, all is expected to work and save.
I just been to HK and get to know their social impact from my HK business partner and you tell me i got no where to go?? You must be joking.
Originally posted by I'm back:it's pointless to tell her
have a look at http://sgforums.com/forums/10/topics/384261?page=2
It's not for her that I am quoting information.
It's for the benefit of Singaporeans reading the forums to understand that there are comparable places as compared to Singapore.
Originally posted by angel7030:
they have indeed only one ductible, no children relief, they wanted less population and they dun care about your parents too, all is expected to work and save.I just been to HK and get to know their social impact from my HK business partner and you tell me i got no where to go?? You must be joking.
You know, angel7030
the further you go on this topic, the deeper the hole you dig
I refer to an extract from the article:
"There are also tax allowances for children and for various categories of dependent relatives (parents, grandparents, siblings, etc). The effect of these is to exempt the first part of the taxpayer's income from tax - the amount exempted depending on the taxpayer's personal circumstances (marital status, number of children, etc)."
In short, there are tax deductibles for children AND parents, and EVEN grandparents (which Singapore does not have)
Whether you had been to HK or not, is not my concern.
What is A FACT right now, is that you know NOTHING about the HK Tax system, and yet you behave as if you know it. Be gracious and admit it and just shut up, and perhaps you will spare yourself further embarassment.
Originally posted by soul_rage:It's not for her that I am quoting information.
It's for the benefit of Singaporeans reading the forums to understand that there are comparable places as compared to Singapore.
thanks
but this person always generalised and mislead people, etc
like to tell people she got $$$
thanks again
Originally posted by I'm back:
thanksbut this person always generalised and mislead people, etc
like to tell people she got $$$
thanks again
Just to inform you, the truly rich often shut up and don't talk too much about their wealth.
Too much bragging about one's wealth may bring about unwanted attention (ie IRAS)
Originally posted by soul_rage:Just to inform you, the truly rich often shut up and don't talk too much about their wealth.
Too much bragging about one's wealth may bring about unwanted attention (ie IRAS)
yes you are right
that person mention his/her gals earn 6k without being tax
some rich eat thriftly - just a remind to themselve - don't spend unnecessary
that bugger always bull shit
really need someone to tell that bugger off
Originally posted by soul_rage:You know, angel7030
the further you go on this topic, the deeper the hole you dig
I refer to an extract from the article:
"There are also tax allowances for children and for various categories of dependent relatives (parents, grandparents, siblings, etc). The effect of these is to exempt the first part of the taxpayer's income from tax - the amount exempted depending on the taxpayer's personal circumstances (marital status, number of children, etc)."
In short, there are tax deductibles for children AND parents, and EVEN grandparents (which Singapore does not have)
Whether you had been to HK or not, is not my concern.
What is A FACT right now, is that you know NOTHING about the HK Tax system, and yet you behave as if you know it. Be gracious and admit it and just shut up, and perhaps you will spare yourself further embarassment.
My goodness, you read from where, book or net??? you got be real ok, their reliefs need to apply and most will not get it, unlike ours, we automatically qualify, I talk to a HKee working there and you think they give me shit about their taxes, i was like you thinking that they have a less tax to pay, and she laughed with tea nearly pewed out of her cup. You better get the right picture, the words "depend" is very important in HK ok, if you are earning HK 300,000 in Hk, equivalent to about & S$6000, you can kiss goodbye to all those relief ok, please go there and check it out if you have relatives or HK colleagues, the only thing that is free in HK, is anything gain from shares, stocks and gambling now happy valley, is not taxable, this is to encourage investement to uphold a vibrant HK financial services market ya. That is why peoples in HK like to invest and gamble in 6 nos and horses. I know you look at google or nets or study some shit, but which country dun give you a good picture of their taxation system, dun be fool by them ya. They are admiring our Tax system more than theirs and you can said they paid less tax??? U know how much the Brit had took from them?? and now you think the good old China Beijing govt is going let them have all those relief when China country side are having no jobs and suffering?? I think, you are a really a nerd.
Angel,
me so angry that i have post these at starbuck, Bugis Junction.
If that's his logic, then why not have zero GST?
No need to implement any GST accounting system even.
Save money for every company.
Originally posted by charlize:If that's his logic, then why not have zero GST?
No need to implement any GST accounting system even.
Save money for every company.
Originally posted by charlize:If that's his logic, then why not have zero GST?
No need to implement any GST accounting system even.
Save money for every company.
hahaha! Best thing ive heard the whole day! +1
Originally posted by angel7030:
My goodness, you read from where, book or net??? you got be real ok, their reliefs need to apply and most will not get it, unlike ours, we automatically qualify, I talk to a HKee working there and you think they give me shit about their taxes, i was like you thinking that they have a less tax to pay, and she laughed with tea nearly pewed out of her cup. You better get the right picture, the words "depend" is very important in HK ok, if you are earning HK 300,000 in Hk, equivalent to about & S$6000, you can kiss goodbye to all those relief ok, please go there and check it out if you have relatives or HK colleagues, the only thing that is free in HK, is anything gain from shares, stocks and gambling now happy valley, is not taxable, this is to encourage investement to uphold a vibrant HK financial services market ya. That is why peoples in HK like to invest and gamble in 6 nos and horses. I know you look at google or nets or study some shit, but which country dun give you a good picture of their taxation system, dun be fool by them ya. They are admiring our Tax system more than theirs and you can said they paid less tax??? U know how much the Brit had took from them?? and now you think the good old China Beijing govt is going let them have all those relief when China country side are having no jobs and suffering?? I think, you are a really a nerd.Angel,
me so angry that i have post these at starbuck, Bugis Junction.
You are digging more and more a hole for yourself.
People who earn a higher income, definitely will be taxed. There is of course a limit on the total amt of tax deductibles.
HK$300,000.00??? = S$6,000.00??? You think HK$ is Thai Bhat???
HK$300,000.00 = S$53,000.00. You cannot even get your exchange rate correct.
You are now trying to claim that you are right through knowing some 'people' over in HK, which probably doesn't exist. If you wish, I can even quote you some more articles that compare (ON A NEUTRAL basis) taxation between Singapore and HK.
And if you really like to dig a hole even further, and like to compare with real people, I have ACTUAL relatives in HK, and so far, I know that their taxes are better than ours.
If that's STILL not enough, I nearly had gone to Hong Kong to work before, and I also did a study of their HK taxation to know whether it's beneficial to go over than to stay in Singapore. In the end, I did not go, coz I decided to come to USA instead.
Perhaps I am a nerd, but at least I am not you, for you are the greatest liar I have ever seen.
Just be gracious and admit it, and stop digging a hole to show us your ignorance.
And it's Starbucks
For the liar in this forum, I remind you your postings, in case you feign dementia at such a 'young tender' age
"...So, what is HK 12,000 USD one time personal relief comparing to us, govt got give them any other rebate or not???"
You started off ASKING me whether they got other rebates. This shows you DO NOT know much about the taxation in HK. (Even one-time personal relief is incorrect, but I am too lazy to point out to you that)
"they have indeed only one ductible, no children relief, they wanted less population and they dun care about your parents too, all is expected to work and save. I just been to HK and get to know their social impact from my HK business partner and you tell me i got no where to go?? You must be joking."
You continued to insist they have ONLY ONE deductible, and NO relief for children and parents. You started to delude all of us by claiming you have a business partner in HK.
And when I bring out actual data to show you, you ended up with this statement
"their reliefs need to apply and most will not get it, unlike ours, we automatically qualify, I talk to a HKee working there..."
So instead of your business partner, you next change source to a HKee and now claim that you KNOW they have reliefs, but most cannot be applied.
So from not knowing anything, to 'evolving' to knowing something after I posted OFFICIAL articles for you to see.
IF you are not the greatest liar, I don't know who else is.
Originally posted by angel7030:
My goodness, you read from where, book or net??? you got be real ok, their reliefs need to apply and most will not get it, unlike ours, we automatically qualify, I talk to a HKee working there and you think they give me shit about their taxes, i was like you thinking that they have a less tax to pay, and she laughed with tea nearly pewed out of her cup. You better get the right picture, the words "depend" is very important in HK ok, if you are earning HK 300,000 in Hk, equivalent to about & S$6000, you can kiss goodbye to all those relief ok, please go there and check it out if you have relatives or HK colleagues, the only thing that is free in HK, is anything gain from shares, stocks and gambling now happy valley, is not taxable, this is to encourage investement to uphold a vibrant HK financial services market ya. That is why peoples in HK like to invest and gamble in 6 nos and horses. I know you look at google or nets or study some shit, but which country dun give you a good picture of their taxation system, dun be fool by them ya. They are admiring our Tax system more than theirs and you can said they paid less tax??? U know how much the Brit had took from them?? and now you think the good old China Beijing govt is going let them have all those relief when China country side are having no jobs and suffering?? I think, you are a really a nerd.Angel,
me so angry that i have post these at starbuck, Bugis Junction.
Considering we cannot withdraw our CPF freely and never get to see the full amount in our life time i don't really see how different it is from a tax.
Oh don't forget we don't really have a choice of opting out
On the calls for slashing the GST rate, Mr Wong said such a move might actually raise business costs, as companies would have to change their systems to adjust to a new GST rate.
If GST rate were to be lowered to 5%I don't think it would cost much for the IT guy to edit 7 to 5. And let the system to do the work.
Don't know why this statement was not expanded upon in the report.
Originally posted by I'm back:This is my assumption only
lower gst or cut in gst = erp going up, etc
some other tax might be implement
This is the better assumption, reduce GST and other taxation would be needed to make up for the shortfall.
Adjustment of tax breaks, or concessions for businesses.
Originally posted by angel7030:
My goodness, you read from where, book or net??? you got be real ok, their reliefs need to apply and most will not get it, unlike ours, we automatically qualify, I talk to a HKee working there and you think they give me shit about their taxes, i was like you thinking that they have a less tax to pay, and she laughed with tea nearly pewed out of her cup. You better get the right picture, the words "depend" is very important in HK ok, if you are earning HK 300,000 in Hk, equivalent to about & S$6000, you can kiss goodbye to all those relief ok, please go there and check it out if you have relatives or HK colleagues, the only thing that is free in HK, is anything gain from shares, stocks and gambling now happy valley, is not taxable, this is to encourage investement to uphold a vibrant HK financial services market ya. That is why peoples in HK like to invest and gamble in 6 nos and horses. I know you look at google or nets or study some shit, but which country dun give you a good picture of their taxation system, dun be fool by them ya. They are admiring our Tax system more than theirs and you can said they paid less tax??? U know how much the Brit had took from them?? and now you think the good old China Beijing govt is going let them have all those relief when China country side are having no jobs and suffering?? I think, you are a really a nerd.Angel,
me so angry that i have post these at starbuck, Bugis Junction.
It is obvious that the Taiwanese 'hum' is here only to drive this thread in its own direction of irrelevance by pushing its own ignorant agenda simply to redirect every attention to address its controversies - and to satisfy its orgasmic kick as the resident "Attention Seeking Whore".
All that the Taiwanese 'hum' can rely on is to "talk to a HKee working there and you think they give me shit about their taxes" - and depend on this anonymous person to be an authority on Hong Kong Tax relief, and enter into multiple exchange ranging from its taking a bath to the absurdities of its intepretation of Hong Kong Tax Relief.
Why does it not google to get the latest ‘2009-2010 Hong Kong : Tax Concession under Salaries Tax and Personal Assessment’ (*1) ?
There in all its full simplicity lay the following that would have resolved all the ignorant idiocy that it had displayed.
In the 2009-10 Budget delivered on 25 February 2009, the Financial Secretary proposed a one-off reduction of 50 % of the 2008-09 final tax in respect of salaries tax and tax under personal assessment, subject to a ceiling of $6,000. On 26 May 2009, the Financial Secretary proposed to increase the one-off reduction for the 2008-09 salaries tax and tax under personal assessment to 100%, subject to a revised ceiling of $8,000. See Implementation Details of the One-off reduction for details.
Instead it will indulge in its daily verbiage by flapping its clitoris across two pages of this thread to spread it ignorance - simply to satisfy its twice daily urges for the orgasmic fix of an "Attention Seeking Whore".
Angel7030
What a joke.... You can't articulate the concept of GST in basic text book principle and you got yourself into Income Tax.....!!??
Continue your- self gratification and crap on every other threads...........and claim yourself as victimizes by others in the forum......
Please continue to strip your knowledge to the bare minimum in front of all readers and continue to pour toddy into your brain. At the end of the day that’s all you have coconut water….
Originally posted by soul_rage:You know, angel7030
the further you go on this topic, the deeper the hole you dig
I refer to an extract from the article:
"There are also tax allowances for children and for various categories of dependent relatives (parents, grandparents, siblings, etc). The effect of these is to exempt the first part of the taxpayer's income from tax - the amount exempted depending on the taxpayer's personal circumstances (marital status, number of children, etc)."
In short, there are tax deductibles for children AND parents, and EVEN grandparents (which Singapore does not have)
Whether you had been to HK or not, is not my concern.
What is A FACT right now, is that you know NOTHING about the HK Tax system, and yet you behave as if you know it. Be gracious and admit it and just shut up, and perhaps you will spare yourself further embarassment.
http://www.accaglobal.com/pubs/students/acca/exams/p6/exam_docs/p6sgp_examdoc.pdf
http://www.accaglobal.com/pubs/students/acca/exams/p6/exam_docs/p6hkg_examdoc.pdf
Originally posted by light 123:
if any buggers try to argue any more
refer to ACCA exam paper first
advanced taxation