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Newpaper24 - Global online News around the World f0a7da4e-6ec7-11e8-b1d3-9161aa45bf67_image_hires_162325 Determination on emptiness tax for flat hoarders coming in June, Hong Kong chief Carrie Lam says - NEWPAPER24  Newpaper24 - Global online News around the World f0a7da4e-6ec7-11e8-b1d3-9161aa45bf67_image_hires_162325 Determination on emptiness tax for flat hoarders coming in June, Hong Kong chief Carrie Lam says - NEWPAPER24

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Determination on emptiness tax for flat hoarders coming in June, Hong Kong chief Carrie Lam says – NEWPAPER24

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Determination on emptiness tax for flat hoarders coming in June, Hong Kong chief Carrie Lam says

2018-06-13 06:45:30


A call can be made this month on a proposed emptiness tax for property house owners hoarding empty flats, Hong Kong’s chief revealed on Wednesday, as the federal government seeks to sort out town’s acute housing scarcity.

Chief Govt Carrie Lam Cheng Yuet-ngor’s remarks got here a month after she urged the federal government was leaning in the direction of adopting the tax, a measure which policymakers had been learning since earlier this 12 months.

Lam, talking at her month-to-month session with the Legislative Council, was requested by Civic Occasion lawmaker Dennis Kwok when a call on the tax can be made.

Newpaper24 - Global online News around the World  Determination on emptiness tax for flat hoarders coming in June, Hong Kong chief Carrie Lam says - NEWPAPER24

“The examine on this coverage … has reached its remaining stage. I can let you know that inside this month, in June, the federal government will make an announcement,” Lam stated.

As of September 2017, there have been 9,000 unsold flats in personal developments, of which about 3,000 have been in initiatives accomplished final 12 months. In 2016, there have been 2,000 unsold flats from initiatives accomplished that 12 months. Total, 43,657 flats, or 3.eight per cent of the citywide complete, have been vacant in 2016.

No housing disaster if ex-Hong Kong chief had caught to flats objective

At Wednesday’s assembly, Democratic Occasion veteran James To Kun-sun questioned whether or not the federal government’s examine on a emptiness tax was only a gesture. The opposition legislator stated that rising land provide was a more practical approach to clear up town’s housing downside.

Nevertheless, To’s argument was dismissed by Kwok, additionally an opposition lawmaker.

“I’ve at all times revered To’s opinion, however on this problem, I can not agree {that a} emptiness tax is a mere gesture. A emptiness tax can power property builders to make some 9,000 to 10,000 models out there available in the market for the individuals to decide on,” Kwok stated.

Newpaper24 - Global online News around the World  Determination on emptiness tax for flat hoarders coming in June, Hong Kong chief Carrie Lam says - NEWPAPER24

Lam stated that since even lawmakers with comparable political beliefs held completely different opinions on the problem, she would depart it to the legislature to debate the coverage after the announcement was made.

“In Hong Kong, Legco’s approval is important for imposing any tax,” she added.

On the sidelines of the assembly, actual property and building sector lawmaker Abraham Razack stated there have been solely 3,000 flats really left vacant within the metropolis.

Razack stated the remainder, or 6,000 models, have been both flats constructed final 12 months and nonetheless unsold, or these with out the paperwork required to place them available on the market, corresponding to certificates of compliance and occupation permits. He additionally questioned whether or not the emptiness tax can be honest, because it appeared to focus on property house owners and builders.

Stewart Leung Chi-kin, chairman of the manager committee of the Actual Property Builders Affiliation, stated the physique had but to succeed in a consensus on a emptiness tax.

The group, which represents main builders, was scheduled to fulfill once more on Wednesday or Thursday to give you coverage suggestions, in addition to the professionals and cons of the tax, for the federal government’s consideration.

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“We’re not opposing the federal government’s strikes, however we simply hope that officers can think twice earlier than performing. We don’t wish to see that the federal government is just not considering fastidiously when dealing with issues in an pressing method … we wish to give them some suggestions,” he stated.

Horace Cheung Kwok-kwan, vice-chairman of the pro-establishment Democratic Alliance for the Betterment and Progress of Hong Kong, stated he supported the introduction of a emptiness tax.

“Even when the impact could also be restricted, it must be accomplished,” Cheung stated.

Such a transfer would let society is aware of that the federal government understands individuals’s considerations, he added.

His occasion, the most important in Legco, would look forward to the federal government’s proposals earlier than making a call on whether or not to help a the tax, he stated.

In the meantime, the Civic Occasion urged the introduction of two duties to focus on vacant properties, and a capital features tax for residences owned by non-permanent residents of Hong Kong.

It stated a emptiness tax may very well be utilized to newly constructed properties not offered inside 12 months of receiving occupation permits, which might largely have an effect on property builders.

Flats owned by non-permanent residents which have been occupied for fewer than 183 days a 12 months must also be charged the identical tax, it stated.

Builders’ hoard of empty flats aggravates Hong Kong’s housing disaster

The occasion stated the emptiness tax ought to be calculated as double a flat’s rateable worth – its estimated annual rental worth – multiplied by the variety of years it was vacant, multiplied by a tax fee starting from 33 to 66 per cent.

Kwok stated on common, the emptiness tax on first-hand properties can be 16 instances their charges, an oblique tax charged at 5 per cent of the rateable worth.

He stated a tax that was “actually going to chunk” was wanted, however acknowledged that the enterprise sector would oppose it.

He stated: “It’s going to depend upon the political will of the federal government, are they actually prepared to tackle the vested pursuits?”



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China set to permit North Korea’s state airline to fly between Xian and Pyongyang, report says – NEWPAPER24

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Newpaper24 - Global online News around the World c9ff06ba-7525-11e8-aa4d-d2a0e82fc143_image_hires_163853 China set to permit North Korea’s state airline to fly between Xian and Pyongyang, report says - NEWPAPER24

China set to permit North Korea’s state airline to fly between Xian and Pyongyang, report says

2018-06-21 07:44:16


China will enable North Korea’s Air Koryo to supply flights between Xian and Pyongyang from subsequent month, an area newspaper reported, citing the Chinese language metropolis’s tourism authority.

The transfer would make Xian, capital of northwestern Shaanxi province, the fifth Chinese language metropolis with an air hyperlink to the North Korean capital, after Beijing, Shenyang, Shanghai and Chengdu, state-run Xian Night Information reported on Thursday.

China’s rust-belt area has a brand new hope for revival: North Korea

A number of tour businesses in Xian, which is dwelling to China’s world well-known terracotta military of life-size sculptures, are planning tourism merchandise for North Koreans, the report stated.

Newpaper24 - Global online News around the World  China set to permit North Korea’s state airline to fly between Xian and Pyongyang, report says - NEWPAPER24

There have been constitution flights from Xian to Pyongyang about eight years in the past and “the response was robust”, it stated, with out specifying the operators.

“The opening of this route would make journey between Xian and Pyongyang simple and environment friendly, and additional fulfill the passion of Xian residents for holidays in North Korea,” it stated.

North Korean airline cuts variety of flights to Beijing

Relations between the 2 international locations have warmed these days with Chinese language President Xi Jinping and North Korean chief Kim Jong-un holding three conferences in China since March.

Kim concluded his newest journey to Beijing on Wednesday the place he briefed Xi on his summit with US President Donald Trump in Singapore final week.

China’s flag service Air China resumed common flights between Beijing and Pyongyang on June 6 after a suspension lasting greater than six months.



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Finance chief Paul Chan says Hong Kong housing disaster justifies authorities plan to tax property homeowners hoarding vacant flats – NEWPAPER24

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Newpaper24 - Global online News around the World e6abfb70-7547-11e8-aa4d-d2a0e82fc143_image_hires_211704 Finance chief Paul Chan says Hong Kong housing disaster justifies authorities plan to tax property homeowners hoarding vacant flats - NEWPAPER24

Finance chief Paul Chan says Hong Kong housing disaster justifies authorities plan to tax property homeowners hoarding vacant flats

2018-06-21 13:17:09


Hong Kong’s monetary chief Paul Chan Mo-po on Thursday made a powerful case for the federal government’s plan to tax property homeowners hoarding vacant flats, saying it was to not enrich its coffers however to make sure adequate housing, as greater than 28,000 new houses could be accomplished within the subsequent three years.

Particulars are to be confirmed subsequent week as Chief Government Carrie Lam Cheng Yuet-ngor marks her first 12 months in workplace on July 1. The plan has been criticised by property builders who declare that just a few thousand flats are vacant.

Official figures confirmed some 42,942 flats, or 3.7 per cent of the citywide whole, had been unoccupied final 12 months. Of those, 9,370 had been unsold new flats – 5,000 of which had been accomplished final 12 months.

Chan dismissed objections by stressing the tax would serve the general public good.

Newpaper24 - Global online News around the World  Finance chief Paul Chan says Hong Kong housing disaster justifies authorities plan to tax property homeowners hoarding vacant flats - NEWPAPER24

“Our objective is to not enhance the federal government’s earnings,” he mentioned. “We might reasonably … not accumulate any tax, however guarantee flats are delivered to the marketplace for sale or lease successfully.”

Hong Kong has grappled with an acute housing scarcity as property costs skyrocket past middle-class affordability. Lam has pledged that her administration would take a look at quick and long-term options.

Builders insisted they’d oppose the emptiness tax, arguing solely 3,000 flats had been truly vacant because the remaining unoccupied flats had been categorised as accomplished and able to be lived in. They contended they had been ready for compliance approvals from constructing authorities.

However the monetary secretary mentioned there have been as much as 18,000 personal residences that had already been accomplished by builders or could be completed within the subsequent two to a few years. Builders may apply for presale consent for residential initiatives that will probably be accomplished within the subsequent 30 months.

When the federal government designs insurance policies and measures, we’re pushed by public curiosity

Paul Chan Mo-po, monetary secretary

Chatting with reporters throughout an official journey to Beijing, Chan added that about 28,000 personal items in some 70 residential initiatives had been eligible to be thought of for presale consent.

He was additionally requested whether or not the federal government was desirous to roll out the emptiness tax in order that Lam may cite it as a principal achievement for the 12 months.

Chan deflected the query and mentioned: “When the federal government designs insurance policies and measures, we’re pushed by public curiosity … After cautiously contemplating the recommendation of authorized [advisers], we do what we consider is suitable.”

Accountancy sector lawmaker Kenneth Leung voiced assist for the tax however referred to as for the invoice to obviously outline what constitutes a vacant flat.

“The brand new tax won’t gradual the rise in property costs by itself, however coupled with different insurance policies, it’s attainable,” he mentioned.



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China’s Twitter erases John Oliver after scathing assault on President Xi Jinping – NEWPAPER24

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Newpaper24 - Global online News around the World f945e6c8-7543-11e8-aa4d-d2a0e82fc143_image_hires_194615 China’s Twitter erases John Oliver after scathing assault on President Xi Jinping - NEWPAPER24

China’s Twitter erases John Oliver after scathing assault on President Xi Jinping

2018-06-21 11:29:59


British comic John Oliver has been scrubbed from China’s web after the host of Final Week Tonight ran a 20-minute phase satirising Chinese language President Xi Jinping.

New posts mentioning his title or the present have been blocked on the Twitter-like microblogging platform Weibo.

Oliver’s scathing parody of Xi on Sunday lined human rights abuses, “dystopian ranges of surveillance and persecution” of Uygurs in China’s western Xinjiang area, the continued detention of Liu Xia, spouse of Chinese language dissident Liu Xiaobo who died final yr in state custody, and on-line censorship, together with memes evaluating Xi’s determine with that of Winnie the Pooh.

“Clamping down on Winnie the Pooh comparisons doesn’t precisely venture energy. It suggests a bizarre insecurity,” Oliver mentioned.

Newpaper24 - Global online News around the World  China’s Twitter erases John Oliver after scathing assault on President Xi Jinping - NEWPAPER24

After Peppa Pig’s ban in China, seven different cartoons censors have blocked

Makes an attempt to publish posts mentioning Oliver’s title or the title of the present resulted in an error message that the submit violated “related legal guidelines, rules, or violates Weibo neighborhood guidelines”.

Searches for Oliver’s title weren’t blocked on Weibo however the Chinese language title of the present was censored.

The newest feedback about Oliver or the present had been on June 14, earlier than his phase on Xi aired, suggesting newer ones had been deleted.

China’s claims of human rights progress in Xinjiang ‘flimsy propaganda’, say stress teams

Clips of the present, uploaded by customers, had been nonetheless on-line on video platforms however his most up-to-date phase on Xi was not on Weibo or different social media platforms. Oliver’s title didn’t look like censored on different platforms like Douban or Zhihu, a preferred query and reply discussion board.

In his take down of Xi’s China, Oliver additionally highlighted the growth of the social credit score scoring system, the elimination of time period limits made earlier this yr, and China’s heavy financial affect world wide.

“Underneath Xi Jinping China is turning into extra authoritarian simply because it has main plans for growth on the world stage … China has important financial leverage and it has been utilizing that to silence criticism even when criticism may be very a lot warranted.”

Revealed: the superior surveillance ‘black tech’ inside attain of China’s police

The present ended with a parody of an commercial selling China’s huge commerce and infrastructure growth venture, generally known as the “Belt and Highway Initiative”, with youngsters singing, “That is the China Xi doesn’t need you to see, and that’s the rationale why you higher watch this man.”



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