Went to HK Polytechnic today to attend a seminar on PRC taxation. 知識改變命運。
Poly
By the way, a 58-year-old man was recently sentenced to jail for making a false statement in connection with a claim for the additional dependant parent allowance ($30,000 each year for 6 years). This is the first court case of such kind. The total amount of tax unpaid was $42,794. I would conisder the penalty (imprisonment for 2 months) to be quite heavy for that. 矯枉過正, 麻鷹唔捉捉雞仔。
"There are only two things in life that are inevitable: death and taxes." But taxes could continue even after death. I used to thnk estate duty was the most ridiculous tax in Hong Kong because it was the second time IRD charged you for the income you earned. Anyway, estate duty has been abolished on 11-Feb-06. A big improvement in Hong Kong taxation.
# posted by Birdie @ 5:56 PM
