Jan. 2 – As the financial crisis rumbles on in the west, multinationals are increasingly looking at Asia as a place where they could achieve their business goals. Tax plays an inevitable part in business planning. In this article, we provide a practical comparison of taxation in five jurisdictions in Asia: China, Hong Kong, India, Singapore and Vietnam.
China
Tax burdens in China are comparatively higher compared to other regions in Asia, largely because of the country’s heavy labor taxation.
Corporate income tax (CIT)
The CIT rate for companies in China, both foreign and domestic, is 25 percent. There are exceptions to this, for example, companies engaged in the encouraged industries in the Western region are eligible for a reduced CIT rate of 15 percent. Continue reading
Dec. 27 – Following identical moves adopted by other major cities including Beijing, Guangzhou, Tianjin and Shenzhen, Shanghai is going to require users of Weibo, a twitter-like microblogging service, to register under their real names starting Monday, state media reported.
Dec. 23 – Global diamond market, driven by China and India, will grow more than 6 per cent per year through 2020, more than doubling the expected 2.8 percent annual supply growth, Bain & Company, a management consultancy headquartered in Boston, Massachusetts of the United States, forecasted in its new report released earlier this month. In addition, the firm predicted that by the end of the decade annual production of diamond will hit 175 million carats, surpassing the peak 2007 pre-crisis production levels.
Dec. 21 – Emerging Asian markets remain the most attractive destinations for investors, with China and India taking the top two spots as the best investment targets, according to an 
Dec. 20 – India’s Ministry of Commerce and Industry has accepted a petition to conduct an anti-dumping probe into Chinese-imported solar panels. The investigation is expected to be initiated within a month, China’s Ministry of Commerce stated yesterday on its web site.