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'[OT] Singapore most business-friendly'
2007\09\26@072113 by Jinx

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www.doingbusiness.org/economyrankings/

The World Bank's annual "Doing Business" report .....for the
second year in a row, Singapore was ranked the world's
easiest place to do business, followed by New Zealand and
the United States.....Hong Kong fourth, followed by Denmark,
the United Kingdom, Canada, Ireland, Australia and Iceland

2007\09\26@074413 by Xiaofan Chen

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On 9/26/07, Jinx <spam_OUTjoecolquittTakeThisOuTspamclear.net.nz> wrote:
> http://www.doingbusiness.org/economyrankings/
>
> The World Bank's annual "Doing Business" report .....for the
> second year in a row, Singapore was ranked the world's
> easiest place to do business, followed by New Zealand and
> the United States.....Hong Kong fourth, followed by Denmark,
> the United Kingdom, Canada, Ireland, Australia and Iceland
>

Singapore is again No 1. Hopefully more business will come
here, especially those high value-added industry.
I do not know that New Zealand is also a good place.
So far I only know it is very beautiful place and famous for
the Kiwifruit. ;-)

Xiaofan

2007\09\26@124414 by Howard Winter

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Xiaofan,

On Wed, 26 Sep 2007 19:43:56 +0800, Xiaofan Chen wrote:

> I do not know that New Zealand is also a good place.
> So far I only know it is very beautiful place and famous for
> the Kiwifruit. ;-)

It's certainly beautiful (and largely empty of people) - I went there twice around the turn of the millenium, and I'd recommend it to anyone who doesn't like cities!  
:-)

As for Kiwifruit - do you realise that they used to be called "Chinese Gooseberries"?  I believe the name change was for marketing purposes - I don't think their
country-of-origin changed!  I understand that most of them come from places like Turkey anyway, so the name has never been accurate...

Cheers,


Howard Winter
St.Albans, England


2007\09\27@091036 by Gerhard Fiedler

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Xiaofan Chen wrote:

> On 9/26/07, Jinx <.....joecolquittKILLspamspam@spam@clear.net.nz> wrote:
>> http://www.doingbusiness.org/economyrankings/
>>
>> The World Bank's annual "Doing Business" report .....for the second
>> year in a row, Singapore was ranked the world's easiest place to do
>> business, followed by New Zealand and the United States.....Hong Kong
>> fourth, followed by Denmark, the United Kingdom, Canada, Ireland,
>> Australia and Iceland
>
> Singapore is again No 1. Hopefully more business will come here,
> especially those high value-added industry.

Is there enough space to grow?

I found surprising that Hong Kong and China are ranked 3rd in ease of
paying taxes. I didn't find surprising that this is the weakest spot of the
USA :)  (among the parameters listed on that page).

Gerhard

2007\09\27@093139 by Spehro Pefhany

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Quoting Gerhard Fiedler <listsspamKILLspamconnectionbrazil.com>:

{Quote hidden}

It would be VERY, VERY  surprising if it was true, but in fact it's
"Hong Kong, China" that is easy.

"Taiwan, China" is ranked 91 and "China" is ranked 168, compared
to 76 for the US and 25 for Canada.

Best regards,





2007\09\27@095619 by Xiaofan Chen

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On 9/27/07, Gerhard Fiedler <EraseMElistsspam_OUTspamTakeThisOuTconnectionbrazil.com> wrote:
> Xiaofan Chen wrote:
> > Singapore is again No 1. Hopefully more business will come here,
> > especially those high value-added industry.
>
> Is there enough space to grow?
>

Yes. There are plenty of empty spaces. ;-)
Seriously, Singapore government wants to increase the population
to about 5.5million in 10 years and perhaps 6.5million in the future.


Xiaofan

2007\09\27@100753 by Xiaofan Chen

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On 9/27/07, Spehro Pefhany <spehro.pefhanyspamspam_OUTgedex.ca> wrote:
> Quoting Gerhard Fiedler <@spam@listsKILLspamspamconnectionbrazil.com>:
> > I found surprising that Hong Kong and China are ranked 3rd in ease of
> > paying taxes. I didn't find surprising that this is the weakest spot of the
> > USA :)  (among the parameters listed on that page).
> >
> > Gerhard
>
> It would be VERY, VERY  surprising if it was true, but in fact it's
> "Hong Kong, China" that is easy.
>
> "Taiwan, China" is ranked 91 and "China" is ranked 168, compared
> to 76 for the US and 25 for Canada.

I am suprised to see China ranked 168 and US ranked 76. As far as I
know it is much easier to pay tax in China than in US, especially personal
income tax.

It takes me 10 minutes to pay tax in Singapore online. Last year I stayed
in US for three and half month under J1 and it took me more than 8-hours
and several IDD phone calls to PWC (PricewaterhouseCoopers)
consultants to get it done. And I think the PWC consultant should
also spend several hours to do that and my case has been extended
to October 2007. So I think the company has to pay quite some
consultation fee...

In China, personal income tax is usually deducted from salary
and you do not need to do much -- no need to file a return. My
parents and my youngest brothers are tax payers in China and
I never hear they complain the process of paying tax (they do
complain the tax rate).

Regards,
Xiaofan

2007\09\27@170749 by Gerhard Fiedler

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Spehro Pefhany wrote:

> It would be VERY, VERY  surprising if it was true, but in fact it's "Hong
> Kong, China" that is easy.

Ah, I missed the other two entries and read that as "Honk Kong & China" :)

> "Taiwan, China" is ranked 91 and "China" is ranked 168, compared to 76
> for the US and 25 for Canada.

Anyway, I found it surprisingly complex to pay taxes in the USA, compared
to the general tendency there of getting things done in a practical,
efficient way. It rarely took me more than an hour to file the tax for a
self-employed type consulting business in Germany and that without any help
from a program (besides of course the raw numbers from an accounting
program), but in the USA trying to do so without either a program or an
accountant (who will use a program) is not a good idea :)  And it still
takes quite some time.

Gerhard

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