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中国经济的PESTEL分析 PESTEL Analysis of the Chinese Economy(7)

时间:2017-12-29 14:12来源:www.ukthesis.org 作者:英国论文网 点击联系客服: 客服:Damien
 
As long as China is huge country thus water scarcity is regarded as a big issue that also is the project's disadvantage. Besides that, climate change is considered as one of the major systematic risks for Soundtech Technology because climate change is affecting how companies operate and the products they offer.
 
2.6 Legal factors
2.6.1 Laws support foreign investors
In order to encourage foreign companies to invest in China, China Government has gradually set up a relative complete law system. In 1979, The Law of the People's Republic of China on Chinese-Foreign Equity Joint Ventures was published. 20 years later, the Chinese government has promulgated and issued a series of laws and statutes about the establishment, operation, termination and liquidation of foreign-invested enterprises. The main laws and regulations include the three basic laws ― The law on Chinese-Foreign Equity Joint Ventures, The Law on Chinese-Foreign Contractual Joint Ventures, and The Law on Wholly Foreign-Owned Enterprises; detailed rules for the implementation of the three basic laws; The Company Law of the People's Republic of China; The Income Tax Law of the People's Republic of China for Enterprises with Foreign Investment and Foreign Enterprises; Interim Provisions for Guiding Foreign Investment; Industrial Catalogue for Foreign Investment; Interim Provisions Concerning the Investment within China of Foreign-invested Enterprises, Provisions Regarding the Merger and Separation of Foreign-invested Enterprises, and Liquidation Measures for Enterprises with Foreign Investment. These provide legal bases from which to guarantee the independent operation rights of foreign-funded enterprises and to protect the legitimate rights and interest of both domestic and overseas investors.
 
Currently, the China's government is considering its existing laws and statutes in accordance with the model of the WTO. It has abolished certain obsolete laws and regulations, and will gradually revise the laws and regulations that are incompatible with the rules of the WTO.
 
2.6.2 China Tax Regime
Tax law is one of the most important issues that SoundTech Technology needs to understand as the tax regulations have a direct impact on ST's business activities. China is known as one of the most attractive incentives packages in Asia. Tax incentives and other facilities for the manufacturing sector are provided for in the Promotion of Investment.
 
The data below demonstrates the tax that a medium-size company must pay or be withheld in a given year, as well as measures of the administrative burden in paying taxes. These measures include the number of payments an entrepreneur must make; the number of hours spent preparing, filing, and paying; and the percentage of their profits they must pay in taxes.
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