Cointime

Download App
iOS & Android

Wu Jiezhuang: Oppose the tax increase proposals put forward by the public, including virtual asset stamp duty

  • Wechat scan to share

Wu Jiezhuang, a member of the National Committee of the Chinese People's Political Consultative Conference and a member of the Legislative Council of the Hong Kong Special Administrative Region, expressed his hope for the budget proposal's principles of zero taxation, less fees, increased vitality, and opposition to different tax proposals suggested by the public, including the collection of value-added tax on assets, departure tax, and virtual asset stamp duty, during a meeting with Hong Kong Special Administrative Region Financial Secretary Chen Maobo and Deputy Secretary Huang Weilun this morning. He believes that it is necessary to enhance the development momentum of various industries, break down barriers, and vigorously develop the Web3 industry.

Comments

All Comments

Recommended for you

  • USD/CNH breaks through 7.3000 yuan mark

    US dollar against the offshore RMB just broke through the 7.3000 yuan mark, with the latest report of 7.2999 yuan, up 0.03% on the day; the US dollar against the onshore RMB is now reported at 7.2990 yuan, up 0.01% on the day.
  • Spot gold breaks through $3,330/ounce, setting a new record high

    spot gold continued to rise, breaking through $3330 per ounce, hitting a new historical high, rebounding about $100 from the daily low, and rising more than 3% within the day.
  • Spot gold breaks through $3,320/ounce, setting a new record high

    spot gold broke through $3320 per ounce, hitting a new all-time high and rising 2.9% intraday.
  • BTC breaks through $85,000

    the market shows BTC breaking through $85,000, now trading at $85,022, with a 24-hour decrease narrowed to 0.41%. The market fluctuates greatly, so please be prepared for risk control.
  • Grayscale transfers 6,576 ETH to Coinbase Prime hot wallet address

    according to Arkham monitoring data, Grayscale transferred a total of 6576 ETH worth $10.38 million to Coinbase Prime's hot wallet address seven minutes ago.
  • DWF Labs spends $25 million to buy WLFI tokens

    DWF Labs posted on social media platform that they have established a new office in New York and strategically purchased 25 million US dollars worth of WLFI tokens.
  • Italian Finance Minister Warns US Stablecoin Policy Threat Exceeds Tariffs

    according to Cointelegraph, Italian Finance Minister Giancarlo Giorgetti warned that US stablecoin policy poses a greater threat to European financial stability than Trump's tariffs, potentially weakening the euro's dominant position in cross-border payments. He urged the EU to strengthen the international status of the euro, emphasizing the importance of a digital euro.
  • Web3 data and AI company Validation Cloud completes $10 million in new round of financing

     Web3 data and AI company Validation Cloud announced a $10 million financing round from True Global Ventures. The company plans to use the funds to expand its AI products and achieve seamless access to Web3 data.
  • Cointime July 27th News Express

    1. As of July 25, BlackRock IBIT held more than 338,000 bitcoins, an increase of more than 1,092 bitcoins from the previous day.
  • Hong Kong's financial industry may study launching stablecoin trading desks and institutional custody services

    Hong Kong Monetary Authority recently announced the list of participants in the stablecoin issuer sandbox, including JD Coin Chain, Circle Coin Innovation, Standard Chartered Bank, Anni Group, Hong Kong Telecom and other institutions. Research reports released by Zeng Shengjun, a researcher at the Greater Bay Area Financial Research Institute of the Shenzhen Branch of Bank of China, and Guan Zhenqiu, a researcher at the Hong Kong Financial Research Institute of Bank of China, analyzed that the Hong Kong dollar stablecoin can improve the efficiency and inclusiveness of the Hong Kong financial system. Its stability, free convertibility, high security, high open source and cross-border mobility can provide support for a wider range of financial innovations.