Eric is a
stamp collector.
埃里克是个集邮者。
Mary
stamped her feet on the pavement to keep out the cold.
玛丽在人行道上跺着双脚取暖。
China has halved the stamp duty on stock transactions to boost the confidence of capital market investors, according to a notice issued by the Ministry of Finance and the State Taxation Administration in August.
根据财政部和国家税务总局8月发布的一份通知，中国已将股票交易印花税减半，以提振资本市场投资者的信心。
You just stamp a different brand name on the outside that’s not a Chinese name, doesn’t change anything.
It is regarded as a stamp of approval for entering the European market.
The London Metal Exchange, which is also known as LME, will certify the warehouses, offering a stamp of approval that shows confidence in their quality and security.
Wang said China has made great efforts in recent years to stamp out intellectual property right (IPR) infringements, by improving laws and setting up specialist IPR courts.
Then, one to two days are needed to obtain the official company stamp and the certificate of registration.
You will need to bring your company stamp, certificate and personal identification document for tax registration.
A commemorative stamp (right) from 1990 depicting Queen Elizabeth (foreground) and Queen Victoria (background) is seen next to an 1840 Penny Black stamp (left) with Queen Victoria on it at Stanley Gibbons in central London, Aug 21, 2015.
[Photo/VCG]Stanley Gibbons, the world's oldest stamp dealer, is in talks with Chinese investors about the potential sale of the British company, an official said on Monday.
The company put itself up for sale in June after receiving what it called a "possible" offer from private equity firm Disruptive Capital Finance, led by stamp enthusiast Edi Truell.
China is home to more than 20 million stamp collectors, or one-third of the world's total, up from about 3 million in 1983.
The global stamp collecting market is worth about $10 billion a year.
The country has become increasingly important for Stanley Gibbons, given the growth in stamp collecting in the market, the official added.
Stanley Gibbons recently published the 11th edition of its China Stamp Catalogue, featuring all the stamps issued by the country in one single volume, reflecting the importance of the market for the dealer.
The company, established in 1856, is the leading stamp dealer in the world.
Chinese taxpayers are enjoying benefits from reductions in resource taxes, urban maintenance and construction taxes, real estate taxes, urban land use taxes and stamp taxes, as well as slashes to education surcharges and local education surcharges, said Ma Jianhui from the Xinghua Municipal Bureau of Taxation.
In addition, the capital market has lately been stabilized, and investor confidence has increased as a number of national ministries and commissions have introduced various initiatives over the past month, including lowering interest rates, reducing stamp duties, trimming transaction and fund management fees, and encouraging medium- to long-term capital to enter the market.
Experts said a raft of recently announced policy measures, such as cutting stamp duty and personal income tax, will help stabilize market sentiment and spur economic activity, adding that China still has ample tools and available policy space to support its economy.
The government has ramped up efforts to shore up the sector by lowering down payments and reducing the interest rates of new and existing mortgages, along with other measures to strengthen the broader economy, such as cutting stamp duty and personal income tax.
It said that between July 8 and Aug 8, consumers could take a city walk to Hi Five, and get a stamp for every purchase.
We ran out of the 500 stamp collection cards and 100 quarterly coffee coupon cards we originally prepared, in just one week, and had to increase the supply of cards," a spokesperson of Hi Five said.
Lender income stemming from loan interest and guarantee fees related to such small business entities will remain free from value-added tax, and their loan contracts will continue to be exempt from stamp duty.
Stamp tax revenue went up 13.3 percent year on year to 113.7 billion yuan.
Specifically, stock-trading stamp tax revenue logged a yearly rise of 10.7 percent.
To help stamp out the outbreaks, some businesses and residential communities in the two cities have been suspended or sealed for stricter management.
The country has formulated the Stamp Tax Law, appropriately simplifying the list of taxable items and cutting rates.
Revenue from value-added tax, the largest source of fiscal revenue in the country, jumped 24.7 percent from a year earlier, while stamp tax revenue saw an increase of 49.6 percent.
The latest report from the Statistics and Census Service (DSEC) showed that a total of 2,542 building units and parking spaces were purchased and sold in the third quarter of 2020 as per stamp duty record, a decrease of 3.6 percent quarter-to-quarter.
These are the resource tax, urban maintenance and construction tax, real-estate tax, urban land-use tax, stamp tax and the tax on farmland used for non-agricultural purposes, as well as the education surcharge and the local education surcharge.
Participants receive a stamp each time they take part in the program, which they can collect to redeem gifts in any of the 10 hotels.
Guangzhou Zetian Trading Co Ltd, the dorayaki maker that Bei loves, launched stamp collection events, attracting dorayaki lovers to visit the stores and buy their pancakes.
Many people got to know the brand through social media sites like Weibo and short video app Douyin, as well as stamp collecting groups, as they are naturally curious about all things postal.
Also, it takes just five seconds in the stamp workshop to finish a key component, which is at the world-leading level.
It will get a new "stamp" when the block is shipped back over the English Channel and across Europe to Turkey, where it will become part of a rear-wheel drive vehicle.
Even if we have a time stamp on a photo, the other party involved in the lawsuit may suspect that we've altered the time zone of the smartphone when taking the photo," Zeng said.
The STA has also launched the Golden Tax III system in 2017, which facilitated e-filing of different stamp duty taxes.
Chinese equities soared on Monday morning following the announcement of a stamp duty cut, but most of these gains were lost by the time the market closed, indicating that more substantial stimulus to shore up economic growth may still be integral for the rally to become sustained and full-blown, experts said.
The benchmark Shanghai Composite Index jumped 5.06 percent when the market opened on Monday as investors were cheered by a significant policy package delivered on Sunday to revitalize the capital market, including slashing the stamp duty levied on stock trading from 0.1 percent to 0.05 percent, starting from Monday.
This is because the stamp duty cut — which could save investors annual trading costs of roughly 138 billion yuan — has signaled that the authorities are paying a great deal of attention to revitalizing investors' sentiment, Liu said.
China has announced a slew of measures to boost the confidence of capital market investors on Sunday, including cutting the stamp tax for securities trading and temporarily slowing the pace of IPOs.
The Ministry of Finance said on Sunday the government will halve the stamp tax levied on securities trading starting Monday, and the China Securities Regulatory Commission's stated shortly thereafter that the pace of IPOs will be slowed temporarily while ex-ante communication about listed companies' large-scale refinancing plans will be strengthened.
China halved the stamp duty on stock transactions effective Monday to invigorate the capital market and boost investor confidence, the Ministry of Finance and the State Taxation Administration announced Sunday in a statement.
The stamp duty on stock trading is currently 0.1 percent.
The ministry also said stamp duties collected during the January-July period declined by 8.3 percent year-on-year to 267.9 billion yuan.
In particular, stamp duties on securities trading totaled 128 billion yuan over the period, slumping 30.7 percent from a year ago.
Investors in China have been seeking a reduction in stamp duty.
The Hong Kong Securities & Futures Professionals Association suggested that stocks' stamp duties should be removed to facilitate the sustained development of the local securities industry, which is considered one of the four pillar industries.
Dual counter market makers engaged in market making and liquidity providing activities may be qualified for stamp duty exemption for their eligible transactions, subject to relevant legislative amendments being passed by Hong Kong's Legislative Council, paving the way to support the initiative of allowing mainland investors to trade renminbi-denominated securities through the southbound Stock Connect, currently being explored with the mainland authorities.
China's stamp tax revenue rose 2.3 percent year-on-year to 388.9 billion yuan ($54.7 billion) in the first 10 months of this year, official data showed.
According to the Ministry of Finance, stock trading stamp tax revenue went down 3.7 percent from a year ago to 235.5 billion yuan during the period.
- China's stamp tax revenue rose 4.1 percent year on year to 318.8 billion yuan (about $46 billion US dollars) in the first eight months of this year, official data showed.
According to the Ministry of Finance, stock trading stamp tax revenue went up 3.9 percent from a year ago to 206.9 billion yuan during this period.
- China's stamp tax revenue rose 11.3 percent year-on-year to 247.8 billion yuan (about $36.84 billion) in the first half of the year, official data showed Thursday.
During this period, the revenue of stock trading stamp duty climbed 11.3 percent over one year ago to 159.9 billion yuan, indicating active trading in the country's capital market, according to the Ministry of Finance.
Stamp tax revenue jumped 20.6 percent year-on-year to 156.9 billion yuan.
Specifically, stock-trading stamp tax revenue registered a yearly rise of 21.3 percent.
The policies involve value-added tax, consumption tax, corporate income tax, individual income tax, land value-added tax, stamp tax, and resource tax, officials from the STA said.
Revenue from value-added tax, the largest source of fiscal revenue in the country, jumped 20.3 percent from a year earlier, while stamp tax revenue saw an increase of 37 percent.
The 10 kinds of property and behavior taxes include urban and township land-use tax, real-estate tax, vehicle and vessel tax, stamp tax, farmland-occupation tax, resource tax, land-appreciation tax, deed tax, environmental-protection tax and tobacco tax.
- China's stamp tax revenue rose 69.3 percent year-on-year to 130.1 billion yuan (about $20 billion) in the first quarter of the year, official data showed Wednesday.
Stock trading stamp tax revenue surged 94.2 percent from a year ago to 88 billion yuan, according to the Ministry of Finance.
Li particularly noted that controllable anonymity, an ideal feature of the digital yuan, has been realized to both help protect user privacy and stamp out financial crimes.
Stamp tax and tariff legislation will also get due attention from the country along with an expansion of the tax management rights of provincial-level governments, said Liu.
- China's stamp tax revenue surged in the first two months of 2021 amid active transactions in the country's capital market, official data showed.
During the Jan-Feb period, stamp tax revenue soared 65.5 percent year-on-year to 100.4 billion yuan (about $15.42 billion), according to the Ministry of Finance.
Specifically, stock trading stamp tax revenue rocketed 90.5 percent from the same period a year ago to 66.5 billion yuan.
More importantly, according to Zhu, Chinese investors have seen the IPO registration process as a kind of government stamp of approval for the stocks－strengthening the belief that there is an implicit government guarantee and discouraging investors from doing proper fundamental research and due diligence.
Revenue from stock trading stamp tax rose 14.7 percent over the same period last year to 69 billion yuan, while that from tariffs dropped by 6.2 percent, MOF data showed.
"The market has been gradually attuned to to-ing and fro-ing in trade tensions," Wang said, adding that stamp duty cuts and policies to facilitate the refinancing of listed firms may be among the policy tools to deal with potential worse-case scenarios.
Revenue from stock trading stamp tax plummeted by 41.1 percent over the same period last year to 19.7 billion yuan, while that from tariffs dropped by 3.9 percent, MOF data showed.
Since late Thursday, the notice has sparked discussion among retail investors about the potential of reducing stamp duties directly imposed on investors, although analysts said the notice mainly focused on financial institutions.
Analysts said investor sentiment also rose on the back of the probable tax rate reduction for securities transactions, as proposed by the draft of the Stamp Tax Law released on Thursday.
"This arrangement was set primarily to provide convenience for using the stamp tax rate as a counter-cyclical tool to regulate pro-cyclical behaviors in the market," Tang said.