The new tax will be the last of the six measures to be implemented in the government's initiatives to tackle the housing shortage problem in the city.The tax bill, to be gazetted on Friday, indicates that the entire package of six new housing measures will be put in place, Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor wrote in her official social media account on Thursday.As part and parcel of the six new measures introduced in June 2018, the vacancy tax on empty new residential units is designed to discourage developers from manipulating home prices by hoarding.In the government's proposal, first-hand private residential units that have not been occupied or rented out for more than six months will be considered as vacant and subject to tax at twice the normal rate determined by the Rating and Valuation Department.The other five measures include decoupling the price of subsidized flats from market prices, and reallocating nine land sites from private development to the building of public housing.Lam stressed the housing problem is the most challenging, formidable and complex among all livelihood issues. More new measures, aiming to increase the housing supply, will be in the pipeline, she added.
The new tariff quotas were expected to be implemented in the first quarter of 2019.
The new fund represents the Chinese branch of the COVID-19 Solidarity Response Fund for the WHO that was established in mid-March to let individuals, corporations and philanthropists around the world contribute directly and efficiently to WHO-led efforts in containing the virus.
The new restrictions imposed on the Chinese companies have already caused controversy in the US, because China and the US have a wide range of cooperation on science, technology and trade, and enlarging the blacklist also severely damages the interests of US companies and universities, said Tu Xinquan, a professor and dean of the China Institute for WTO Studies at the University of International Business and Economics in Beijing.
The new project will be equivalent to nearly 20 million metric tons of standard coal, cutting carbon dioxide emissions by 52 million tons per year, according to Lu.
The new partnership will be launched with a beer festival and family fun day at the site this Saturday, when locals will have a chance to see the work Greenland has put into reviving the site, which housed the Youngs Brewery from 1831 to 2006.
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The new Fire HD 8 is available for pre-order starting today in four color options (black, magenta, blue, tangerine), starting at .99 for?16 GB. A 32GB version will also be available.?The device starts shipping Sept. 21.
The new episode "Winterfell" received a score of 92 percent on Rotten Tomatoes' Tomatometer, which measures the percentage of Approved Tomatometer Critics who have given it a positive review. It also received an average rating of 7.78 out of 10.
The nationwide carbon market, which is built upon seven pilot programs implemented since 2013, will be open only to the power generation sector during its early phase, according to the National Development and Reform Commission.
The new Video for Good field features songs deemed to have raised awareness. It includes Swift's You Need to Calm Down, Halsey's female-empowering Nightmare, Lil Dicky's environmentally themed Earth and John Legend's Preach about social injustices.