« April 2006 | Main | June 2006 »

May30
Economic consequences
Beijing is a fascinating city, and certainly one of contrasts. On the one hand, there are still vestiges of a slower time and place, such as the bicycles many people still ride, or the horse drawn cart full of watermelons that I saw in the city. It also is quite modern – both our hotels had free internet access which had great spam filters. Apparently, all email traffic into China flows through Beijing, where is goes through some form of censorship process. Although very minimal spam got through to me while there, a lot of legitimate email also did not, and I had trouble getting things sent out.
 
What really struck me about Beijing, though, was the level of construction activity that was occurring, much of which I am sure is related to the 2008 Olympics.  In one of the business areas of the city where I stayed, I could count around 30 tower cranes just by looking out the hotel window. Buildings were going up all over. Fascinating for me, of course, and great for manufacturers such as Manitowoc, but why bring it up?
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May18
Leasing in China
Like any growing leasing industry, there are still unanswered questions as to how to conduct leasing business in China. The National Peoples’ Congress, for instance, currently is working on a new leasing law to provide better structure to the industry. Continue Reading
May15
TIRPA news
TIRPA contains provisions impacting the leasing industry. Continue Reading
May12
Tax reconciliation bill
The deal these days is that any tax breaks have to be paid for from somewhere else, so the conference agreement also includes a number of revenue-raising provisions. Continue Reading
May10
The joy of nexus

Congress currently is considering a law to bring some uniformity to the determination of nexus.  This legislation would establish a physical presence test to determine when an out-of-state business can be required to pay taxes due to ‘substantial nexus.’

Continue Reading
May 8
China growth
We all know that the Chinese market is huge – this is nothing new.  The leasing market, however, is beginning to grow domestically, and is attracting interest from international lessors looking for expansion and growth opportunities. Continue Reading

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