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China Tax Reductions
Dec 29th, 2008, 12:11am
 
All forms of relief relate to the income of an individual who is a Chinese resident.
The following amounts are subject to the definition and ceilings specified in China law:

Personal Relief

    O A credit for donations given by an individual up to 30% of the income.
    O Income from personal services, a deduction of CNY 800 or 20% O whichever is the higher for each type of income.
    O Current expenses for income from rental, up to CNY 800 for each single expense.
    O Relief for an individual who has suffered from a natural disaster.
    O Relief for the disabled, widows/widowers and orphans.

There is no distinction made in China between a single and married person.


Business Deductions

The following expenses are partially allowable for tax purposes in China, subject to certain conditions:
    O Offset of losses - a loss may be offset in China over 5 years. There is no retrospective offset of losses.
    O Consolidated financial statements - there are no consolidated financial statements in China for tax purposes.
    O Bad debts - in China foreign companies in the financial sector may make provisions for bad debts up to a limit of 3% of the loans granted.
    O Financing expenses -financing expenses that are for the generation of income are generally allowable as an expense China. Nevertheless, expenses for shareholders loans are not allowable when the amount of the owners' investment in the company is lower than the legally defined limit in China.
    O Transactions between associated parties - the Chinese income tax authorities investigate transactions between associated parties that are not conducted according to the market conditions that are customary for transactions with companies that are not associated companies.
    O The accepted method of depreciation in China is the straight line method:
        - A foreign investment company may apply to the Chinese tax authorities and record depreciation at an accelerated rate.
        - There is an accelerated rate of depreciation for foreign companies in China that are engaged in prospecting for oil.



The rates of depreciation in China are as follows:
Class of Asset Years of Depreciation
Buildings 20
Intangible assets 10
Electronic equipment 5
Machinery 10
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Re: China Tax Reductions
Reply #1 - Feb 17th, 2009, 6:58am
 
Even those who argue that morality should play a large role in statecraft acknowledge that international politics is not like domestic politics. In the latter, there is government; in the former, there is none. As a consequence, no agency exists above the individual states with authority and power to make laws and settle disputes. States can make commitments and treaties, wow power leveling,but no sovereign power ensures compliance and punishes deviations. This the absence of a supreme power-is what is meant by the anarchic environment of international polities. Anarchy is therefore said to constitute a state of war: when all else fails, force is the ultima ratio--the final and legitimate arbiter of disputes among states.
    The state of war does not mean that every nation is constantly at the brink of war or actually at war with other nations. Most countries, wow gold,though, do feel threatened by some states at some time, and every state has experienced periods of intense insecurity. No two contiguous states, moreover, have had a history of close, friendly relations uninterrupted by severe tension if not outright war. Because a nation cannot look to a supreme body to enforce laws, nor count on other nations for constant aid and support, it must rely on its own efforts, particularly for defense against attack. Coexistence in an anarchic environment thus requires self-help. The psychological outlook that self-help breeds is best described by a saying common among British statesmen since Palmerston: "Great Britain has no permanent enemies or permanent friends, she has only permanent interests."
    Although states must provide the wherewithal to achieve their own ends, they do not always reach their foreign policy goals. The goals may be grandiose; wow gold,the means available, meager. The goals may be attainable; the means selected, inappropriate. But even if the goals are realistic and the means both available and appropriate, a state can be frustrated in pursuit of its ends. The reason is simple, but fundamental to an understanding of international polities: wow geld,what one state does will inevitably impinge on some other states--on some beneficially, but on others adversely. What one state desires another may covet. What one thinks its just due another may find threatening. Steps that a state takes to achieve its goals may be rendered useless by the counter steps others take. No state, therefore, can afford to disregard the effects its actions will have on other nations' behavior. In this sense state behavior is contingent: wow gold,what one state does is dependent in part upon what others do. Mutual dependence means that each must take the others into account.
    Mutual dependence affects nothing more powerfully than it does security-the measures states take to protect their territory.wow gold, Like other foreign-policy goals, the security of one state is contingent upon the behavior of other states. Herein lies the security dilemma to which each state is subject: In its efforts to preserve or enhance its own security,wow geld,one state can take measures that decrease the security of other states and cause them to take countermeasures that neutralize the actions of the first state and that may even menace it. The first state may feel impelled to take additional actions that will provoke additional countermeasures.., and so forth.wow geld, The security dilemma means that an action-reaction spiral can occur between two states or among several of them so that each is forced to spend ever larger sums on arms and be no more secure than before. All will run faster merely to stay where they were.
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Re: China Tax Reductions
Reply #2 - May 23rd, 2009, 9:20am
 

Samuel Ullman

Youth is not a time of life; it is a state of mind; it is not a matter of
rosy cheeks, red lips and supple knees; it is a matter of the will, a
quality of the imagination, a vigor of the emotions; it is the freshness of
the deep springs of life.
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Youth means a tempera-mental predominance of courage over timidity, of the
appetite for adventure over the love of ease. This often exists in a man of
60 more than a boy of 20. Nobody grows old merely by a number of years. We
grow old by deserting our ideals.
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Years may wrinkle the skin, but to give up enthusiasm wrinkles the soul.
Worry, fear, self-distrust bows the heart and turns the spring back to dust.
Whether 60 or 16, there is in every human being’s heart the lure of wonder,
the unfailing childlike appetite of what’s next and the joy of the game of
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living. In the center of your heart and my heart there is a wireless
station: so long as it receives messages of beauty, hope, cheer, courage and
power from men and from the Infinite, so long are you young.
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When the aerials are down, and your spirit is covered with snows of cynicism
and the ice of pessimism, then you are grown old, even at 20, but as long as
your aerials are up, to catch waves of optimism, there is hope you may die
young at 80.


YOUTH
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Re: China Tax Reductions
Reply #3 - Sep 10th, 2009, 6:46am
 
My 15-year-old is disinclined to work for her GCSEs, saying her time is better spent preening herself in preparation for assignations with her delightful, diligent, privately educated, moneyed boyfriend. She insists the money spent on nail-painting, hair-colouring and the like is an investment and will be more than repaid when he marries her. Is she deluding herself?

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  Dear Curious Mother,

  Surprising as this may seem in the 21st century, your daughter's strategy is not unusual. Evidence on speed-dating gathered by the economists Michčle Belot and Marco Francesconi shows that women are attracted by rich men, while men focus more on a woman's physical appearance. Lena Edlund, another economist,has found that in the areas of her native Sweden where the wealthiest men live, women of prime marriageable age are over-represented。
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  However, your daughter is only 15; for Edlund, “prime marriageable age” is 25-44. Your daughter is either going to have to get her hooks into this chap unusually early, or she is going to have to keep him on the boil for another decade – a lot of nail-painting。

  Not only is she concentrating her investments into a single asset by abandoning her education, but she may even be making her main goal harder to achieve. Belot and Francesconi discovered that a strong social trend towards “assortative mating” means that although educated, high-achieving men are not interested in marrying a rich woman, they do like educated high-achieving women, rather than shallow girls with shiny nails。

  Your daughter should learn to work hard and look good at the same time. Not only will it advance her immediate goals, it will also – sadly – stand her in good stead for the rest of her life。
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Unless we spend money to spot and prevent asteroids  now, one might crash into Earth and destroy life as we know it, say some scientists.
  Asteroids are bigger versions of the meteoroids  that race across the night sky. Most orbit the sun far from Earth and don’t threaten us. But there are also thousands of asteroids whose orbits put them on a collision course with Earth.
  Buy $50 million worth of new telescopes right now. Then spend $10 million a year for the next 25 year5s to locate most of the space rocks. By the time we spot a fatal one, the scientists say, we’ll have a way to change its course.
  Some scientists favor pushing asteroids off course with nuclear weapons. But the cost wouldn’t be cheap.
archlord power leveling,
  Is it worth it? Two things experts consider when judging any risk re: 1) How likely the event is; and 2) How bad the consequences if the event occurs. Experts think an asteroid big enough to destroy lots of life might strike Earth once every 500,000 years. Sounds pretty rare—but if one did fall, it would be the end of the world. “If we don’t take care of these big asteroids, they’ll take care of us,” says one scientist. “It’s that simple.”
  The cure, though, might be worse than the disease. Do we really want fleets of nuclear weapons sitting around on Earth? “The world has less to fear from doomsday rocks than from a great nuclear fleet set against them,” said a New York Times article.
maple story power leveling,
A curious mother My 15-year-old is disinclined to work for her GCSEs, saying her time is better spent preening herself in preparation for assignations with her delightful, diligent, privately educated, moneyed boyfriend. She insists the money spent on nail-painting, hair-colouring and the like is an investment and will be more than repaid when he marries her. Is she deluding herself?
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  A curious mother
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Re: China Tax Reductions
Reply #4 - Oct 26th, 2009, 9:05am
 
VIENNA: Iranian nuclear energy chief Ali Akbar Salehi said he had agreed new measures of cooperation with UN inspectors during talks yesterday with the director of the International Atomic Energy Agency.
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The IAEA did not comment immediately on the deal which coincides with a diplomatic thaw between Iran and world powers, signaled by a plan for talks on October 1, and which was prompted by rising concern about Iran's drive for nuclear capability.
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Related readings:
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US insists on discussing nuclear issue with Iran
US calls for multilateral meeting with Iran
US: Iran nearing atomic bomb capacity
Iran's new gov't to study negotiations with US
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Salehi declined to say what the new cooperation entailed but said it would not cover the IAEA's probe into intelligence reports suggesting Iran covertly researched nuclear weapon designs. Iran has said the reports are fabricated and the issue is closed.
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Last month, Iran agreed to longstanding IAEA demands for tighter surveillance of its rapidly expanding Natanz uranium enrichment plant and restored some access to a heavy-water reactor of proliferation concern.
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But the IAEA has called for more far-reaching transparency from Iran to defuse mistrust around its nuclear ambitions, including snap inspections ranging beyond Teheran's declared nuclear sites to verify that no secret work devoted to "weaponizing" nuclear know-how is going on.
Iran has said it is enriching uranium only for electricity, not to perfect means to fuel atom bombs as the West fears.
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Iran has agreed to wide-ranging talks with six world powers, likely to be held in Turkey. It has ruled out discussing its own nuclear activities, but Salehi said on Monday the powers could still raise any question they wished at the talks.
XI'AN: A suspect who used a needle-like item to prick people in Chang'an district of this capital city of northwest Shaanxi province was detained on Sunday by police.
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The detention came after several needle attacks had been reported to local police since late last month. The needle attacks in Xi'an followed similar attacks in the Xinjiang Uygur autonomous region.
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The suspect, Wang Xing, 26, a male villager in Liucun village of Chang'an district, pricked a female college student's back with a needle-like bamboo stick on Sept 12 in a downtown street of the district, said Liu Liju, a police officer with the publicity section of Chang'an district public security bureau, in an interview with China Daily.
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"The suspect confessed his criminal acts and we requested approval from the municipal procuratorate to arrest the suspect on Tuesday," Liu said.
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The student suffered a minor injury and is doing fine now, police said.
Related readings:
3 sentenced over needle attacks in Urumqi
Suspects sentenced over needle attacks in Urumqi
Xinjiang tourism hard hit again by needle attacks
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Several needle attacks have been reported since late last month, said Qian Baiyun, director of the publicity department of Xi'an public security bureau.
His bureau has sent more than 2,400 policemen to patrol downtown areas around the clock to keep public order and search for any potential criminals.
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Starting Sept 13, every bus in the city will be checked by policemen with police dogs before it begins operation every morning. More than 5,000 plain-clothes police and security staff will be on duty on every bus to guard its safety, Qian said.
Local police also announced that they will crack down on the needle attacks, which are considered a serious criminal activity, according to the law.
The police said in a statement that those who have carried out needle attacks should give themselves up to police as soon as possible. Those who do will receive a reduction in or exemption from punishment if they report and expose other attackers.
Those who received the needle-like pricks are showing no obvious trauma or any other complications, the police said.
Ma Zhonglin, deputy director of Xi'an public security bureau, said that his bureau had taken strict measures to ensure social order and has worked hard to track down criminals as soon as possible.
"And we should remind local residents to heighten their vigilance and strengthen their own security precautions. But they should remain calm and report to police when they find any suspects," Ma said.
Wu Kejun, a local resident, said that he did not think the so-called needle attacks would destroy public order. Most people believe the police will keep good public order in the city.
Xi'an municipal public security bureau has set up a special police hotline for the needle attacks and promised to reward those who provide clues and information to crack the cases or catch the suspects.
In order to keep order to usher in the coming National Day holiday from Oct 1 to 8, the Xi'an police bureau put some 14,000 policemen into a high state of alert and organized more than 38,000 militias, security volunteers and information staff to guard shops and markets, communities and schools.
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