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Juha Lassila

Seurataanko teillä jo SKVK:ta? -   Talouselämä - 1 views

  • ”Jos ei kerry prospekteja, vika on brändissä. Jos ei saa sovittua myyntitapaamisia, tarina ei ole tarpeeksi kirkas. Jos ei päästä tekemään tarjouksia, vika on tarjoomassa. Ja jos ei synny kauppaa, vika on joko hinnassa tai myyjien taidoissa”, väittää Aalto.
  • ”Hallituksen tehtävä on ymmärtää putki: prospektit (mahdolliset asiakkaat), tapaamiset, tarjoukset ja deal flow (kauppasopimukset). Tämän perusteella pitää pystyä ennakoimaan liikevaihto”, sanoo Aalto.
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    This article is about following up planned sales activities (sorry, In Finnish). Some words of wisdom: - If there are not enough prospects then there is sth wrong with your brand. - If you can't get appointments then your story is not clear enough. - If you are not asked to submit proposals then there is a problem in your offering. - If you can not close deals then the problem is in price or in your skills
Juha Lassila

China unifies city maintenance and construction tax and education surcharge for domesti... - 0 views

  • In China, City Maintenance and Construction Tax is levied on transactions subject to VAT, Business Tax, and Consumption Tax. The tax base is the amount of VAT, Business Tax, and Consumption Tax paid. Tax rates are 7 percent for taxpayers in urban districts of cities, 5 percent for taxpayers in towns, and 1 percent for taxpayers in other areas.
  • This tax unification will increase the tax burden on operations and investment in China by foreign companies.
  • VAT payers who pay VAT at the regular rate of 17 percent of the sales price will need to pay an additional 1.7 percent of the sales price as City Maintenance and Construction Tax and Education Surcharge
Juha Lassila

New Regulations for Resident Representative Offices in China | Regulatory Updates - Dez... - 0 views

  • Representative offices cannot employ in excess of four foreign staff, including the chief representative.
  • representative offices will not be permitted to apply for tax exemption
  • representative offices may also not engage in any profitable activities
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  • If you require your China operations to directly buy and sell, have its own import/export license, and legitimately trade in China – you will need to change your current RO structure to that of a foreign invested commercial enterprise (FICE) or wholly foreign owned enterprise (WFOE)
  • 2. ROs are now more expensive to operate than a FICE or WFOE
  • foreign invested commercial enterprises (FICE) These are typically used for the following business activities: • Import-export and distribution • Retailing: selling goods and related services to individuals from a fixed location, in addition to TV, telephone, mail order, internet and vending machines, • Wholesaling: selling goods and related services to companies and industry, trade or other organizations • Agencies, brokerages: representative transactions on the basis of provisions • Franchising Use of wholly foreign owned enterprises (WFOE) in the services industry • Consulting, other professional services • Quality control, after sales services, product design, technical support, sampling (although minimum amount permitted)
  • WFOEs may also be used for manufacturing.
  • the establishment of both a FICE and a WFOE are rather more complex than an RO
  • The structuring and application of the new FICE/WFOE can be combined at the same time as the RO closure.
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    Hmmm... If FICE/WFOE are more complex to setup then what about FIPs - Foreign Invested Partnersips?
Juha Lassila

Intellectual property concerns of companies operating in China - Lexology - 2 views

  • Trademark counterfeiting
  • Copyright infringement
  • Trademark counterfeiting
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  • Trademark counterfeiting
  • Copyright infringement
  • patents
  • Trade secret misappropriation
  • The second report, which will in part be based on the survey results, will (1) describe the size and scope of IPR infringement in China, (2) quantify the effect of reported IPR infringement on US jobs and the broader economy, including potential effects on sales, royalties, and license fees of US firms, and (3) discuss and quantify actual, potential, and reported effects of China’s indigenous innovation policies on the US economy and jobs. This second report is due May 2, 2011.
Juha Lassila

What constitutes anti-competitive tying in China? The Wuchang Salt Company case - Lexology - 0 views

  • Article 7 of the AML prohibits business operators operating in industries pertinent to the national economy and national security from using their market power to harm the interests of consumers. Article 7 also stipulates that these business operators must conduct their businesses “honestly and trustworthily and exercise self discipline”
  • Article 17(5) of the AML prohibits business operators from abusing their dominance by bundling the sale of commodities without a valid reason or imposing unreasonable terms within a transaction.
  • National Development and Reform Commission (NDRC)
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  • Hubei Province Price Bureau (HPPB)
  • HPPB announced that WSC had violated Articles 7 and 17(5) of the AML:
  • Wuchang Salt Company (WSC) (a supplier of table salt)
  • made their supply of salt (to local distributors) contingent on purchase of “Huo Li Er Ba” branded washing detergent powder.
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    AML = Anti-Monopoly Law
Juha Lassila

China liberalizes foreign investment in medical services sector - Lexology - 0 views

  • foreign-invested medical institutions ("FIMIs")
  • Foreign investors may choose to establish a for-profit or not-for-profit medical institution.
  • For-profit FIMIs will have autonomy in determining the pricing of their services. They will need to pay enterprise income tax on net profits, but not business tax (a turnover tax on, amongst others, certain services and generally applicable to business enterprises in China charged at various rates on gross sales depending on the nature of the underlying service).
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  • for-profit medical institutions would be able to benefit from an exemption on property tax and urban land use tax on its property and land for self-use, and land-based vehicle and watergoing vessel use taxes on its land-based vehicles and watergoing vessels for self-use for a period of three years. Further tax breaks, including a three-year exemption for valued added tax on medical preparations that are made and used by the for-profit FIMI, may also apply[3].
  • From a government procurement perspective, all levels of PRC governmental authorities are now encouraged to purchase public heath services from private medical institutions.
  •  Qualification requirements for setting up an FIMI
  • The total investment amount must no less than RMB 20 million (roughly US$ 3 million or EUR 2.27 million);
Juha Lassila

Why Nouriel Roubini Is Wrong on China's Economy - CNBC - 0 views

  • Respondents under 32 years old had effective savings rates of zero
  • Respondents under 32 years old had effective savings rates of zero.
  • Consumer finance reforms are also spurring more consumption
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  • More than 80 percent of the 18 million auto sales there last year were paid 100 percent up front
  • fixed investment share of GDP of 47 percent is too high
  • the increase is a short-term stimulus to offset lowered exports due to the world’s malaise
  • Beijing’s municipal authorities even announced multinationals should have minimum wages 1.5 times that of local firms
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