Free Republic

BEIJING — China said on Thursday that it would temporarily exempt foreign companies from paying tax on their earnings, a bid to keep American businesses from taking their profits out of China following Washington’s overhaul of the United States tax code. There is, however, a catch: To be eligible, foreign companies must invest those earnings in sectors encouraged by China’s government — including railways, mining, technology and agriculture — according to a statement from the Finance Ministry. The measure is retroactive from Jan. 1 this year, the ministry said. The move would “promote the growth of foreign investment, improve the...

Man child as Rush calls him trying to fool us again.

Just an observation from a far, for some of the Tea Party members who are upset about the high cost of today’s conversation and what I believe is a legitimate but a short ended argument. For any kind of organization to grow and become a political force, first is money. Second is conviction. Third, believing in its mission and last is commitment. To start a business, capital is needed, the owner has to have conviction the investment is worth it and believing in the product with a hundred percent commitment. When a business owner believes and committed to the business,...

The Rock