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Business in China

Business Operations in the People’s Republic of China provides companies and individuals considering or engaged in business operations in China with a general description of the relevant Chinese laws and regulations, particularly the country’s tax laws, that affect such operations. Written by Owen D. Nee, Jr., Esq. of Jones Day, this Portfolio begins with an overview of the regulations and processes governing business operations in China, looking at the regulation of foreign investment and trade and commerce and discusses Chinese currency controls and intellectual property and licensing. ‘

Business Operations in the People’s Republic of China also discusses the state of the Chinese legal system following its market-oriented reforms, which were caused by the country’s entry into the World Trade Organization. Attention is paid to the taxation of newer forms of investment, such as mergers and acquisitions and portfolio investment, and revised business models, such as foreign invested commercial enterprises.

The Portfolio analyzes in detail the various taxes, including the enterprise income tax, the agricultural tax, the stamp duty, the consumption tax, the individual income tax, the business tax, the value-added tax, and other turnover taxes.

The Worksheets in this Portfolio contain English translations of the principal Chinese tax laws and regulations as well as the People’s Republic of China-United States tax treaty.

Business Operations in the People’s Republic of China allows you to benefit from:

•A perspective that addresses the concerns of foreign investors/enterprises and their advisors looking to invest/do business or already invested/doing business in the country
•Identification of those features of the country’s system that are likely to prove most problematic to outside investors
•Emphasis on those aspects of the tax system that impact transactions and structures with a cross-border dimension
•Information and insight to enable users to anticipate the pitfalls and opportunities likely to arise in making an initial investment, carrying on operations, and devising potential exit strategies
•Invaluable practice documents including tables, charts, and lists
•Time-saving citations to relevant sections of tax laws, regulations, court cases, and more