" Chinese investment in Europe and North America retreated in 2017 in tandem with China's posting its first fall in foreign direct investment globally since 2006 as stricter guidelines were imposed.
Chinese FDI into North America fell sharply by 35 percent to US$30 billion last year amid government policies restricting outbound investment Ethan Pocic Jersey , according to a report of global law firm Baker McKenzie's and consulting company Rhodium Group.
Although FDI into Europe soared 76 percent to US$81 billion, the growth was solely due to the delayed completion of ChemChina's record US$43 billion takeover of Swiss agribusiness company Syngenta. If this mega deal had not been completed in 2017, Chinese investment in Europe would have tumbled 22 percent to US$38 billion.
But the figures backed up official Chinese data showing that the country's global FDI flows had declined by over a third in 2017 — the first drop since 2006.
""The main reason for the fall was guidelines introduced by the Chinese government imposing additional restrictions on outbound investment to address balance of payment concerns and mitigate perceived risks for China's financial system arising from rapid overseas investment,"" Baker McKenzie said.
Additionally Will Dissly Jersey , Chinese FDI faced growing regulatory scrutiny in many host countries. The Committee on Foreign Investment in the US was especially strict in its monitoring that at least seven major deals were impacted greatly, according to the report.
Also Chinese capital controls introduced in late 2016 greatly slashed the average size of deals announced in 2017 across all industries and investor types. The deals fell from US$626 million in North America in 2016 to US$282 million last year, and in Europe they declined from US$346 million in 2016 to US$162 million.
""The momentum of deals involving Chinese investors dropped sharply from Q3 2016 to the first half of 2017,"" said Mike DeFranco Rashaad Penny Jersey , global head of M&A at Baker McKenzie.
""Now that it is clear how the rules have changed for Chinese investors at home and abroad, activity is picking up, and 2017 was still the second-best year on record in North America and technically the best in Europe, despite all the challenges for dealmakers Kam Chancellor Jersey ,"" he said.
Chinese investors cancelled or withdrew 19 announced deals worth over US$12 billion in North America and Europe in 2017, compared with the 30 deals cancelled in 2016. Around US$5 billion of Chinese investments are being reviewed by regulators in the US and Europe.
Chinese investors favored investment in real estate and hospitality, transport, utilities and infrastructure as well as ICT in both North America and Europe.
" "
Diplomats from 29 countries including US Secretary of State Rex Tillerson meet in Paris on Tuesday pushing for sanctions and criminal charges against the perpetrators of chemical attacks in Syria.
The chemical weapons meeting comes after allegations Monday of a fresh chemical attack by the Syrian regime on Douma in the rebel-held region of Eastern Ghouta.
The alleged attack prompted a sharp warning from the US to Russia to rein in its ally Doug Baldwin Jersey , Syrian President Bashar al-Assad.
The regime has been accused of using chemical weapon, with the UN among those blaming it for an April 2017 sarin gas attack on the opposition-held village of Khan Sheikhun.
There have been at least 130 separate chemical weapons attacks in Syria since 2012, according to French estimates.
(Agencies)
" Business > Business LawSmall Business Tax Problems
Posted by GiulyRotarry in Business on December 28th, 2012
When you open a small business one of the many things that you will have to take care of is the paying of the taxes. Private Citizen’s pay income tax to the federal government and when required to the state they live in. Business owners are responsible for several other types of requirements. Tax problems arise when the owner does not file the correct paperwork in the correct amount of time. Sometimes tax problems are not with the federal government Earl Thomas III Jersey , and at these times the owners may need a lawyer like a Seattle tax attorney from the state they live in.
All business owners must pay sales taxes on the items they sell. They also have income taxes, they have unemployment insurances to pay, they have to pay FUTA, which is federal unemployment insurance 12th Fan Jersey , and there are many other requirements and obligations that each business owner will be responsible for. A business can get into tax problems if they do not file the correct forms to the correct agencies by the specified date.
When a business is having tax problems associated with federal obligations they can choose to handle the situation for themselves, hire an accountant, or they can hire legal representation to assist them. If they hire legal representation they need to make certain the law firm deals strictly with Internal Revenue issues that people have and not a law firm that handles accidents, injuries Michael Dickson Jersey , criminal cases, and matters of family law. When legal representation is required a person should not hire a firm that has too many irons in the fire.
State tax problems need to be solved by law firms that are in the state that the business is in. If you are in the state of Washington then you would want to hire a Seattle tax attorney. This only needs pointing out because you can hire legal representation online today and if you need a Seattle tax attorney you do not want to inadvertently hire a Houston law firm. The Houston law firm maybe very good at their jobs but the Seattle tax attorney will be more likely to know all of the laws in the state of Washington while a Houston attorney will more likely know all of the laws that apply in Texas.