China has implemented measures that generally reduce social security contributions. The reductions are primarily targeting employer contributions to the social insurance programs and are part of a multi-year effort to unify pension systems at the national level. However, the social insurance wage base has increased in Shanghai, resulting in an increase in employee contributions to social security for Shanghai taxpayers. The net effect is a reduction in income tax for Shanghai taxpayers as the increased employee social contributions are deductible.
There has been a widespread outbreak of African Swine Fever (ASF) in Asia. ASF is a virus that causes hemorrhagic fever in pigs, with a mortality rate approaching 100%. The disease kills pigs rapidly, typically in two to ten days, but is harmless to humans.
When I took the metro at 6am on a Sunday morning in Beijing, trains were running every three minutes. This past quarter I surveyed six cities in China. The largest of these cities, Beijing, Shanghai, and Chengdu, all have modern and efficient metro systems.
The Chinese government has enacted amendments to the individual income tax law, which was implemented in two phases - October 1, 2018 and January 1, 2019. The changes that are effective October 1, 2018 include amending the tax rates, tax brackets, and increasing the monthly basic deduction.
Guangzhou and Shenzhen have stable but strong and growing rental markets. While rents for units in some of the most popular buildings increase every year, rents in less competitive buildings tend to decrease.
The Chinese government has enacted amendments to the individual income tax law, which will be implemented in two phases – October 1, 2018 and January 1, 2019. The changes that are effective October 1, 2018 include amending the tax rates, tax brackets, and increasing the monthly basic deduction.
AIRINC and Worldwide ERC are organizing a half-day briefing to share key global mobility trends from AIRINC’s survey and discuss how companies can structure its mobility operations, policies, and assignment packages to effectively deploy cross-border transfers and meet business objectives.
We’ve all seen pictures of hazy Beijing streets with people walking in masks, and that image is not far from the reality I found while on survey.
To be able to support business objectives effectively, global mobility teams need to focus on three areas — developing the right set of policies that effectively support...