Mao: A Reinterpretation by Lee Feigon

By Lee Feigon

Mr. Feigon argues that the hobbies for which Mao is sort of universally condemned today—the nice step forward and particularly the Cultural Revolution—were in lots of methods necessary for the chinese language humans. whereas now not glossing over Mao's blunders, he contends that the chinese language chief might be mostly praised for plenty of of his later efforts. In reevaluating Mao's contributions, this interpretive research reverses the curve of feedback. Feigon plays a carrier by way of reclaiming the ancient context of Mao's crazed period. He has written a concise paintings that forces the reader to keep in mind the conditions that abetted Mao's reign. —Far japanese monetary Review

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Taxes are imposed on the profits repatriated by subsidiaries operating in host countries to their parent companies in their home countries. Such intermediate taxes are typically withholding taxes in the host country as the source of the profits. 3. Taxation on profits repatriated to the home country. Taxes are imposed on profits in the home country of a parent company that have been repatriated from its operating subsidiaries or other entities in other countries. Additionally, in some cases home country taxes may be imposed on foreign profits which have not been repatriated – in circumstances where anti-tax haven legislation may apply (Tomsett, 1989, pp.

Cn Note: The Eastern Region includes: Beijing, Tianjin, Hebei, Liaoning, Shanghai, Jiangsu, Guangdong, Zhejiang, Fujian, Shandong, and Hainan. The Central Region includes: Shanxi, Jilin, Heilongjiang, Anhui, Jiangxi, Shanxi, Henan, Hubei, and Hunan. The Western Region includes: Inner Mongolia, Guangxi, Sichuan, Chongqing, Guizhou, Yunnan, Shanxi, Gansu, Qinghai, Ningxia, Xinjiang, and Tibet. Hong Kong has been actually a recycling of capital from mainland China, which sought to take advantage of the preferential policies offered to foreign investors.

Taxes on dividends Dividends paid to an overseas parent company from the profits of a foreign investment enterprise are generally exempt from withholding tax, but the dividends cannot be deductible. Likewise, profits repatriated from a branch in China to its overseas head office are also exempt. • Taxes on interest Interest paid on loans to an overseas investment company is deductible provided the interest is charged at a normal market rate. The interest received by the overseas investment company is subject to the basic withholding tax of 20%.

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