Pedata RV Center Looking Forward to Offering Hybrids to RV Consumers
Pedata RV Center sees the introduction of new technology as a wonderful indicator of positive movement for the recreational vehicle industry. As financing problems arise to cast shadows, the introduction of amazing new technologies like the Fleetwood Hybrid offer hope for a brighter future. On December 26, 2008, Fleetwood Enterprises RV Group presented its Hybrid motorhome offering an increased fuel economy up to 42%. Pedata RV Center looks forward to offering the Fleetwood Hybrid to consumers. (PRWeb Jan 6, 2009)

Read the full story at http://www.prweb.com/releases/PedataRV/Hybrid/prweb1824444.htm

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Holland Motor Homes Joins Newell Coach Sales-and-Support Team
Newell Coach Corporation, the leading seller of luxury motorcoaches priced at $1 million and above, announced that Holland Motor Homes of San Diego, CA, and Holland, MI, will be offering sales-and-service support for Newell motorcoaches. This will be more convenient for Newell customers in California, Arizona and Nevada; and Michigan, Illinois, Ohio, and Wisconsin. (PRWeb Jan 6, 2009)

Read the full story at http://www.prweb.com/releases/2009/01/prweb1643624.htm

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Let the Bidding Begin in Online Auction of Denver Luxury Homes
LFC Group of Companies Announces Newest Auction Campaign of Upscale Properties in Denver, Colorado (PRWeb Jan 5, 2009)

Read the full story at http://www.prweb.com/releases/denverrealestate/denverhomeauction/prweb1809744.htm

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TEAMCOX Completes Certified Distressed Property Expert Course
Home owners have an option to avoiding foreclosure. (PRWeb Jan 5, 2009)

Read the full story at http://www.prweb.com/releases/TeamCox/CDPE/prweb1817084.htm

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Gilbert Guide Delves into the Senior Care Trend of Aging in Place with the Launch of Its Newest Expert Column
Author & Expert Laurie Orlov Will Share Her Insights and Research on Aging in Place Technologies for Seniors (PRWeb Jan 5, 2009)

Read the full story at http://www.prweb.com/releases/senior-care/aging-in-place/prweb1789614.htm

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Baby Boomers Get Help Finding the Perfect Active Adult Community in NJ
New Website Tool Saves Seniors Time, Money and Frustration in Finding a 55+ Community in NJ that Meets Their Needs. (PRWeb Jan 4, 2009)

Read the full story at http://www.prweb.com/releases/2009/01/prweb1816834.htm

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Addiction Recovery Program- Cares More About People than Profits, Providing a "Pay-What-You-Can" Option for January 2009
Internationally award winning All Addictions Life Recovery Program is putting people before profits by launching a "Pay-What-You-Can option" for the entire month of January. The goal is to assist those struggling with stress and addiction, especially given today's economic climate. This 3 to 6 month online program provides accessible, anonymous, 24/7 support for anyone struggling with stress, anxiety, shopping, overspending, overeating, drugs, alcohol, gambling or other destructive behaviours. (PRWeb Jan 2, 2009)

Read the full story at http://www.prweb.com/releases/addiction-recovery-drugs/stress-alcohol-weightloss/prweb1808944.htm

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Thor Credit: Enabling Dealers to Get More Consumers Into New RVs
Thor Industries, Inc. announced it will re-establish Thor Credit in an effort to make RV financing available to more consumers interested in purchasing a new or used Thor recreational vehicle. Dealerships like Pedata RV Center see the benefits as credit hungry consumers are attracted to Thor inventory. (PRWeb Jan 2, 2009)

Read the full story at http://www.prweb.com/releases/Pedata_RV_Center/motorhomes/prweb1815874.htm

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Hotels.com Reports that UK Hotel Prices Fall for the First Time in Four Years
Hotels.com has reported that sharp price falls in Scottish cities have fuelled a 4% price drop for UK hotels. (PRWeb Jan 2, 2009)

Read the full story at http://www.prweb.com/releases/2009/01/prweb1811364.htm

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*Absolute Auction* Falmouth (Cape Cod), MA - 2,500 s.f. Home with Marsh & Bay Views
2,500 s.f. 3-Bedroom, 2.5-Bath Home on 1.5 ac. with Marsh & Bay Views and Deeded Rights to Private Association Ocean Beach ~ To Be Sold to the Highest Bidder Regardless of Price. (PRWeb Jan 1, 2009)

Read the full story at http://www.prweb.com/releases/2009/01/prweb1807344.htm

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RV Industry Leaders Continue to Make Adjustments to Meet the Challenges of Today's Economy
Coachmen Industries, Inc. CEO, Rick Lavers, announced that the Coachmen shareholders approved the agreement to sell the company's RV business to Forest River, Inc. that was signed on November 20, 2008. The shareholders obviously recognized a good thing when the agreement details were presented because more than 99% voted in favor of the transaction. Pedata RV Center's Clint Ethington sees the move as, "one more step forward to combat a sluggish economy. " RV dealers across the nation have seen the affects of the current economic climate and any positive movement is met with excitement in an industry that will require change to move forward. (PRWeb Dec 30, 2008)

Read the full story at http://www.prweb.com/releases/2008/12/prweb1803484.htm

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physically present in China. This is based on the total salary you are claiming from your local position and from your employer abroad. The Chinese tax bureau may want to see proof of earnings from your overseas employer (tax slips, payment vouchers, etc). At the end of each month your China employer must take copies of your passport and pay taxes based upon the number of days you were physically present in China. The tax bureau will issue a receipt, and this amount can be credited against the tax paid in your resident location (ie: you won't have to pay tax both in China and your resident location for the time spent in China as long as your country has a tax treaty with China).

Chinese Residency and Taxation of Your Worldwide Income

If you are deemed a “tax resident” by the Chinese government (possible if you have stayed in China for more than 5 years without residing outside the PRC for more than a total of 90 days each calendar year or 30 consecutive days within a calendar year), you will have to pay individual income tax on your worldwide income. Fortunately, taxes paid overseas can be deducted from taxes payable to the Chinese tax authorities. It is whispered that this rule is rarely if ever enforced, however.

Work Permits

Expatriates based in China must obtain a work visa, work permit, and residence card. You and your family will also have to register with the local police station. You will need to take a medical exam at a designated local hospital in order to obtain these documents (this takes a couple of hours and results are usually issued on the same day or the day following).

Tax Rates

Chinese individual income tax rates are more steeply graduated than in many nations, particularly the United States. Of course this is good news if you have a relatively low income, but for those who come to China on lucrative expatriate salaries it might mean higher taxes. Employees are required to withhold individual income tax from their employees’ paychecks.

Note: Local tax bureaus apply formal and informal standards as to what constitutes a “reasonable salary” in a given industry. Factors include position, education, and country of origin. If they believe you are underreporting your income they can unilaterally raise your declared income to the standard and tax you accordingly.

The first RMB 4,000 of salary is tax-free Total tax liability can be calculated with the following formula:

(Total Salary – RMB 4,000 X Graduated Tax Rate) – Standard Deductible = Individual Income Tax Liability

Up to RMB20,000 = 20%
RMB20,001-40,000 = 25%
RMB40,001-64,000 = 30%
RMB60,001-80,000 = 35%
RMB80,001-100,000 = 40%
Over RMB100,000 = 45%

Note: The standard deductible has been omitted from the above. It graduates from a minimum of RMB 375 to a maximum of RMB 15,375. At the time of this writing, the exchange rate is approximately RMB8 = US$1.

Perks and Benefits

Many common expat perks and benefits are nontaxable.

In general, expenses that you pay yourself (in exchange for local official invoices) with cash allowances provided by your employer are taxable. Expenses that your employer pays on your behalf (housing, etc.) are generally considered non-taxable.

Fixed housing allowances, hardship allowances, and fixed expenses paid in cash are generally taxable, while provided housing at cost, free use of a vehicle, home leave allowances, educational allowances for dependents, and reimbursed expenditures are generally nontaxable as long as the amounts are considered “reasonable”.

Penalties

Penalties for late payment, non-payment and other violations are often up to five times the amount due (plus the overdue amount). More serious penalties for employers in case of intentional, systematic or repeated violations include cancellation of business licenses and seizure of assets.

Article Source: http://www.article-matrix.com

David A. Carnes is a California attorney working for California Industrial City in Zhengzhou, China. His website, www.chinacompanystartupguide.com/31.html >Start a Company in China, offers free, step-by-step information on establishing a business presence in China.

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