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 Overview: China's Enterprise Income Tax Code and its Implementation Rules [April 2008]
By Ron Cai, R. Z. Margaret Lu, and Jim H. Young
China's new Enterprise Income Tax Code (the “Code”) and the corresponding Implementation Rules (the “Rule,” together with the Code, the “New Tax Law”), adopted by China's National People's Congress, became effective on Jan. 1, 2008. The New Tax Law removes many preferential tax treatments originally available only to foreign investors in China, in order to provide an even playing field for domestic and foreign investors. This advisory provides an overview of sections of the New Tax Law that are typically more relevant to foreign investors, and answers questions regarding its implementation.
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 H Visa Cap Exemption Would Boost Guam Military Buildup
[April 2008]
By David B. Cohen
The author, as Deputy Assistant Secretary of the Interior from 2002 until 2008, headed the office that administers the U.S. relationship with its territories. He was also the founding Co-Chair of the Federal Interagency Task Force on the Guam Military Buildup.
The U.S. Senate recently passed legislation that would exempt Guam and the Commonwealth of the Northern Mariana Islands from immigration law caps on temporary workers through 2014. The legislation, which is expected to be signed by the president after receiving the concurrence of the U.S. House of Representatives, would help ensure that sufficient skilled and unskilled labor is available for Guam's planned military buildup and could open up numerous business opportunities in both Guam and the Northern Marianas.
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 Overview: New Regulations for Internet Video/Audio Program Services in China [March 2008]
By R. Z. Margaret Lu, Ron Cai and Nicole Guo
On Jan.31, 2008, a new regulation governing Internet broadcast of video and audio program services went into effect that significantly changed registration requirements and procedure. The Administrative Rules on Internet Video/Audio Program Services (“New Rules”) are jointly published by the State Administration of Radio, Film and Television (SARFT) and the Ministry of Information Industries (MII) of China.
Although in many ways, the New Rules do not differ from the existing Administrative Measures on Video/Audio Programs Broadcasted Via Internet and Other Information Networks, published by SARFT in 2004 (“2004 Measures”), the New Rules introduce changes that may affect existing privately owned Internet audio/video program service providers and allow minority participation of foreign investment.
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