March 13 cut-off date for new tax law - official

Legislator Cai Qiaoping slashed hope today that the new tax law, ending preferential treatment for foreign companies, would only start at the end of the year. The cut-off date is 13 March, she confirmed, and foreign companies registered in China after that date would no longer be eligible for the preferential treatment. For older companies there is a grandfathering clause.
Cai spoke at the Asia CFO World, organized by Pearson in Shanghai. She is the director of the legislative department of the Budget Affair Commission of the Standing Committee of the National People's Congress. Cai is probably also one of the main authors of the law.
It was good to see she was explaining the law and answering questions of an audience, greatly adding to the process of transparency.

Shen Aiqin

NPC delegate calls for nationwide CSR-criteria

NPC-delegate Shen Aiqin has called for a nationwide system of criteria for Corporate Social Responsibility, reports China CSR. She is the chairperson of the board of the Wensli Group, a silk company in Zhejiang Province and one of the more wealthy women in China.

Corporate social responsibility has become a key topic for the National People's Congress and Chinese People's Political Consultative Conference this year. Shen Aiqin says that many problems in China are related to corporate behavior such as tax dodging, environmental destruction, loan defaults and food safety accidents. One of the key elements for these problems is the lack of a unified criterion for corporations to fulfill their social responsibility.

We are just in the middle of discussions of who to focus on inthe our upcoming Speakers' Bureau. This is the kind of people I would love to have on board.