Tax rise for H-share firms

Article Abstract:

China has decided to remove its preferential tax policies on nine Hong Kong listed H-share Chinese companies, which would result in a 20% decline in earnings for the companies. Tax rates for H-share companies will increase from 15% to 33%. Companies affected are Beiren Printing Machinery Holdings Ltd., Shanghai Petrochemical Co., Tsingtao Brewery Co., Kuming Machine Tool Co., Maanshan Iron and Steel Co., Guangzhou International Shipping Co., China Yizheng Chemical & Fibre Co., Dongfang Electrical Machinery Co. and Tianjin Bohai Chemical Industry (Group) Co.

Taxes on Foreign Cos, China, Corporate taxes, Taxation, Tax policy, Foreign source income taxation, Foreign business enterprises

---

Foreign firms operating in Malaysia fear red tape: (impact of currency controls)

Article Abstract:

Foreign companies doing business in Malaysia are striving to estimate the effect of the government's new currency controls on the operations. One firms fears that the new regulations would make it impossible for executives to go on costly overseas trips without first obtaining permission from the Malaysian central bank, the Bank of Negara. According to the government, the currency controls are aimed at protecting the ringgit from international speculators.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Currency Stabilization Programs, Business Aid & Regulation NEC, Economic policy, Political aspects, Malaysia, Monetary policy, Currency stabilization, Business assistance

---

Economics are suffering a classic cyclical downturn ...

Article Abstract:

The real cause of the Asian economic crisis is simply that the Asian nations were hit by a classic cyclical collapse, and not because of such often-repeated reasons as Asian cronyism, lack of transparency and foreign-exchange speculators. A deep contraction in global liquidity served as the trigger in Asia's collapse. Asian companies with enormous debts should sell several of their assets.

Economic Statistics & Research, Analysis, Economic aspects, Column, Economic conditions, Asia, Recessions

Similar abstracts:

• Abstracts: Candela: the man who gave concrete a free rein. Nervi and the art of 'correct construction'. Japan's architect of geometry and tranquillity
• Abstracts: The other nightmare: aircraft safety. Mario to ground control. How safe is your airline?
• Abstracts: Dial one yourself. Mishap in the operating theatre: American health care. Big sister is watching you: telemedicine
• Abstracts: Vulture funds set their sights on Asia's property market. Asia's real-estate markets show some signs of recovery
• Abstracts: Out with the old, in with something less familiar. The limits of politeness: ASEAN's failure

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.