On July 20th, American Citizen Services (ACS) at the U.S. Embassy in Beijing launched its first Facebook page. This is another convenient and interactive channel to improve the service of ACS for American citizens. Facebook, known as one of the biggest social network system (SNS) websites, gains its worldwide popularity ranging from the young to …
The Measures for the Administration of Corporate Income Tax on Corporate Reorganizations has been released recently by The State Administration of Taxation with retrospective effect from 1 January 2010. Pursuant to the Measures, companies that have their reorganization transactions before release of it, if applying to the special tax treatment specified in the Notice (2009[NO.59]) …
Corporate Reorganization Income Tax Rules has been released Read More »
A week right after the Interim Provisions on the Administration of Intellectual Property of Major National Science and Technology Projects was released on 17 July 2010, Notice on Import Tax Policies on Major Science and Technology Projects was issued by The Ministry of Finance and four other ministries and commissions. “This year has witness various …
Certain Major Science And Technology Projects To Be Exempt From Tariff And Import VAT Read More »
Issues have been raised recently about the cooperation of Google and Yahoo Japan suspected of violating the Anti-monopoly Law in Japan. According to reports from Japan in 28 July, authorized government officer has expressed in a press conference that Yahoo Japan and Google’s cooperation over search service and advertising is based on separate running of …
Cooperation of Google and Yahoo Japan is not monopoly? Read More »
On July 19th 2010, the Hong Kong Securities and Futures Commission (“SFC”) published Consultation Paper Concerning the Regulatory Oversight of Credit Rating Agencies (“Consultation Paper”), setting out its proposed regulatory regime to license and supervise the activities of credit rating agencies (“CRAs”) in Hong Kong. The consultation period will be end on August 20 and …
In accordance with the Anti-Monopoly Law and for better implementation of the Measures for the Examination of the Concentration of Business Operators, The Ministry of Commerce of the People’s Republic of China (“MOFCOM”) announced the Interim Provisions for Implementation of Divestiture of Asset or Business Concerning Concentration of Business Operators (“Interim Provisions”) on July 5, …
MOFCOM Announced Provisions on Concentration of Business Operators Read More »
On August 1st 2010, the Interim Measures for the Administration of Online Game (the “Measures”), promulgated by the Ministry of Culture earlier this year, come into effect. It is the first department rule specially enacted for the purpose of administrating and regulating online games. The Measures specified clear thresholds of entity, standards of content, codes …
New Measures Concerning Online Games Come into Effect Read More »
The Customs Tariff Commission of the State Council announced that China has decided to charge no tariff from July 1, 2010 for the products imported from 26 least developed countries in Africa who has changed notes with China, as much as 60% of the products originally produced in the preceding countries will have zero-tariff. According …
China to import goods of the least developed countries with zero-tariff Read More »
On July 29th 2010, China Internet Information Network Center (“CNNIC”) updated its policies on domain disputes by issuing the new Wireless Domain Name Dispute Resolution Policy (the “Policy”). The Policy is an amendment to the former disputes policy promulgated in 2006, and is to come into effect on August 29th. Wireless domain system is designed …
CNNIC Amends Its Policies on Wireless Domain Disputes Read More »
On July 27, the European Commission cleared the merger of the United Airlines and Continental Airlines Inc, making the United Airlines the world largest airline company. According to the investigation undertaken by the administrative authority on the anti-monopoly matters of the European Commission, there are few competition overlaps between the two airlines on their European …
Merger of United Airlines and Continental Airlines Inc. cleared Read More »
