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From the Web
Danwei Picks: Non-profits face a new tax burdenPosted by Joel Martinsen, February 19, 2008 5:46 PM
Danwei Picks is a daily digest of the "From the Web" links found on the Danwei homepage. A feed for the links as they are posted throughout the day is available at Feedsky (in China) or Feedburner (outside China). A taxing time for China's non-profits: The Economic Observer looks at what a new 25% tax on the operating income of non-profits means for charity work: According to calculations by Xu Yongguang, a member of the National Committee of CPPCC, even if total yields of foundations average 10% per year, their yearly income would still be under 1 billion yuan, one fourth of which would be paid to the state treasury according to the new rules.
"We’re spending a huge amount of money," Xiaoping Wang, a high-ranking official at Beijing’s Parks and Forestry Department, said of the Hebei agreement, in which the Beijing municipal government essentially pays to increase water conservation in the neighboring province.
Hong Kong television veteran Lydia Shum died after a protracted fight with liver cancer, local broadcaster Radio and Television Hong Kong reported on its Web site, without citing anyone. She was 60. SCMP has an obit, if you have a subscription. More info on Wikipedia.
Shanghai was much different. Sure, you had the tourist-ridden Bund waterfront and Nanjing Lu. But the French concession, Suzhou Creek area, and People's Square were nice places to wind down an evening (or start your morning, depending on the time of day). I also enjoyed my morning walk to work from the Hengshan Lu subway station to Zhaojiabang Road, traversing streets filled only with pedestrians and delicious xiaolongbao steaming in bamboo baskets. What made it different from Beijing (in this one particular neighborhood near Hengshan Lu) was the lack of cars, honking, and noise (at least in comparison to Beijing).
A Chinese contractor has won bids to build two railways in Libya worth a combined 2.6 billion dollars as China enhances its economic presence in energy-rich African nations, state media said Monday.
There are currently 1 Comments for Danwei Picks: Non-profits face a new tax burden.
Comments on Danwei Picks: Non-profits face a new tax burdenThere goes another truly talented entertainer of our time. Rest in piece, Lydia Sum. You are fondly remembered. PS.I’m tremendously saddened for her family, esp. her 20 something daughter. |
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