PCCW can lighten its tax burden

Analysts say PCCW (0008) could lighten its tax burden (PCCW's 1H01 tax bill was HK$752 million) by injecting loss-making multimedia units ITV and IMS into profitable fixed-line business. Currently, each PCCW unit submits tax forms independently, but if loss-making units were injected into profit-making units tax-deductible effect of loss-making units could balance out taxes paid by profitable units. In July, Chairman Richard Li announced plan to inject loss-

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