True face of China -- A Modern Kaleidoscope Message Board

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Strategies & Market Trends : True face of China -- A Modern Kaleidoscope

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To: hui zhou who wrote (10810)	1/5/2012 2:23:23 PM
From: RealMuLan	Read Replies (1) of 12464

The Chinese companies that eager to do business in the U.S. had better realize it is very HARD to make money in the U.S.! It is a complete myth. They would really regret after they come in. Here is the tax rate for foreign companies, comparing to US GE "foreign-based multinationals like Mitsubishi, Siemens (SI), and Phillips ... effective tax rates for earnings purposes last year were 40%, 31% and 26% respectively, compared with 7% for GE. (GE says its tax rate's been artificially low the past few years, and will soon rise." features.blogs.fortune.cnn.com

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