Economic Analysis Of Carbon Black Industry Seminars Minutes

06. December 2010 · Write a comment · Categories: General Tax · Tags: , , , , , ,

Economic analysis of carbon black industry seminar in December 2008 9-11 was held in Chongqing, a total of 44 representatives attended the meeting. China Rubber Industry Association, Fan Rende focused on analyzing the situation of rubber tire industry to strive for national policy to establish confidence in the industry to maintain stable and rapid development of rubber industry; China Rubber Industry Association, chairman of FAN Ru-black branch of the new situation and informed the carbon black industry, carbon black measures to address the financial crisis, the industry views; China Rubber Industry Association, Technical and Economic Committee on Min-black team leader reported the REACH regulation and carbon black unit product energy consumption and carbon black oil-technological conditions, establish the progress of work, there are a 18 carbon black companies to complete the work of the REACH pre-registration laws and regulations; China Rubber Industry Association, summed up the carbon black carbon black branch of the Li-Ping Ding branch in 2008, to discuss the 2009 work plan; the first meeting of the chapter executive director of carbon black (Carbon Black Branch Vice-chairman units) meet in the meeting. Afternoon, for the current financial crisis to the impact of carbon black industry, participants carried out a careful discussion and communicate with each other, put forward some suggestions and demands.

      

     1, the current presence of carbon black industry, the main difficulties and problems.

      In today’s world economic integration of development, the world financial crisis on the carbon black industry has become increasingly apparent, carbon black production, sales double-down, decreased market demand, product prices high platform diving, stock soaring, insufficient funds, corporate earnings ability to gradually weakening. However, as the first 8 months of this year, the role of fast-driving is expected this year of carbon black production and year-ago quarter, sales and profits dropped by about 10 over last year.

      

     Second, for national policy support, to help businesses weather the storm.

      1, actively strive for national export tax rebate policy.

Carbon black industry, direct exports annually about 20 million tons of carbon black to follow the tire’s total exports of about 30, is a relatively high degree of dependence on foreign trade, weak demand in the domestic market, raising the export tax rebate rate will help the enterprises out to seek new development opportunities. In the November 25, 2008 “China’s economic performance rubber industry briefing” on the letter to the State Department of Material Engineering Division Director and petrochemical Jiang Li Wu, president of the Association heard a report on carbon black branch of the Secretary-General Li-Ping Ding attended the meeting, and on the carbon black products of export tax rebate policy for national requests, at the same time, reflecting the carbon black industry, technological progress and compliance of pollution control, carbon black industry has not high-energy, high-polluting industries of the.

      

     2, set the conditions for entry of carbon black industry.

      Excess capacity in the carbon black market demand, and gradually shrinking, in order to reduce duplication of construction, efficient use of resources, it should be re-set the carbon black industry, entry conditions shall be the State Economic and Trade Commission in 2002 proposed the prohibition of industrial policy in the building “is less than 1 million tons of dry granulating carbon black production line “on the basis of the provisions of raising barriers to entry.

      

     3, to enhance publicity and implement preferential policies.

      Through national authorities and the media reflect the energy consumption of carbon black industry has made technological progress and compliance in environmental protection, governance situation and change people’s inherent in the old concept of carbon black industry. In the tail gas utilization in power generation through a variety of channels, make full use of relevant state policies to enable enterprises to receive due benefits.

     

     Third, strengthening the carbon black industry self-regulation.

Through our discussions on the current lack of confidence in carbon black sales market, in this case, companies should strengthen their cooperation, advocate we should not be less than the cost of sales, rather than a loss, not as good as limited production, preserve their strength, confidence, strengthen the industry self-regulation, to protect the survival and development of carbon black industry.

      

     Fourth, encouraging increased industrial concentration of carbon black.

     In this financial crisis could lead to the re-shuffling between enterprises, which is the consolidation and reorganization of the new opportunities, to quickly form a size of the business advantages, market advantages and technological advantages.

      

     5, build market network information platform.

     In today’s information age, through the establishment of an effective information network platform, the timely release carbon black feedstock oil and market information. We are scheduled to convene the second half of the information of the General Assembly in 2009 in preparation for sub-regional information network to build a platform ready for the enterprise information services.

     Through our discussions to fully understand the current carbon black industry, the difficulties and problems faced by the whole industry should work together to establish confidence in the implementation of the recommendations and requirements of a job well done, so that carbon black industry to challenge the crisis and maintain steady and relatively fast development.

Shift The Economic Crisis The U.s. Countervailing Duty Spoiler With China’s Fiscal Policy

10. May 2010 · Write a comment · Categories: General Tax · Tags: , , , , , , , , ,

2008 12 22, the U.S. International Trade Commission’s 6-0 vote, approved a U.S. Department of Commerce on the middle ring welded steel pipe from China, the largest 40.05% levy countervailing duties to offset the Chinese government subsidies to their steel manufacturing industries. The vote for the U.S. Department of Commerce released its countervailing duty order imposed cleared the way for.

The same day, China’s demand that the WTO set up an expert group, the United States on the Chinese standard steel pipe, rectangular pipe, composite woven and non-road tires to the countervailing and anti-dumping measures to investigate the legality.

The United States to “transfer” the economic crisis

“Sino-US trade war on steel products, long, and now the United States has fallen into a recession, it will naturally increase the likelihood that more trade friction and protecting national interests.” “United Steel net” of Master Wang Xiaona Morning Post said yesterday.

“My steel net” IT Director Xu Xiangchun told the Post reporters, U.S. Commerce Department in the investigation by “countervailing”, mainly for the Chinese government at all levels for the Chinese domestic enterprises, including corporate lending interest subsidies, transfer payments discount, tax-free preferential tax policies, etc.. U.S. expert group set up to prevent WTO

In the December 22 WTO Dispute Settlement Body meeting, the Chinese Counsellor, Permanent Mission WTO first Po Lo pointed out that the U.S. These measures conform to the WTO rules, China is deeply concerned. First Po Lu said, China was forced to take the next step, the dispute settlement body requests a group of experts to investigate the case.

But on the day of the meeting, the United States in accordance with the relevant procedures to prevent the establishment of the expert group. However, if China again at the next meeting such a request, the panel will automatically set up.

Chinese Foreign Ministry spokesman Qin Gang at a regular press conference statement, in the current financial crisis, to bring all countries under the impact of one hand, we should actively address the one hand, should also be vigilant and prevent the emergence of various forms of trade barriers and protectionism.

Products for oil and gas pipelines and distribution

China on September 19, 2008 the United States on the Chinese standard steel pipe, rectangular pipe, composite woven and non-road tires to the countervailing and anti-dumping measures to appeal to the WTO. Accordance with the relevant procedures, the two sides in November 14, 2008 were consulted on the case, but the negotiations failed to resolve key issues of concern in China.

This is the second time the U.S. countervailing and anti-dumping measures to resort to the WTO. September 2007, China once adopted by the United States against Chinese coated paper countervailing and anti-dumping measures to resort to the WTO.

The proceedings of the steel product is mainly used for oil and gas pipelines and distribution systems are at the beginning of the American Iron and Steel Company, a Texas steel workers union and two steel makers to draw the United States Department of Commerce ruling. “The United States for the dual anti-(Anti-dumping and countervailing) usually start with the U.S. Commerce Department ruled that the final arbitration by the Trade Commission.” “My steel mesh information” Director Xu Xiangchun Morning Post said yesterday.

Expert opinion: the U.S. has serious paradox

“The mentioned product is seamless, it is our government to encourage export of high-end category, a few species have the export tax rebate, export category in the Ministry of Commerce, 73 label in the fall following the last two years to adjust the export tax rebate rate in the tariff did not make any adjustments. “located on the U.S. countervailing duties on China, said Wang Xiaona.

Scale, according to the relevant Ministry of Commerce, the Customs Code for the 73,061,100 (oil or natural gas weld stainless steel pipe tube) of the export tax rebate rate of 13%.

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To See The Domestic Economic Situation By The International Trend Of Stainless Steel

27. November 2009 · Write a comment · Categories: General Tax · Tags: , , , , , ,

Recently, Bank of America and the collapse of investment companies appear again and again to the U.S. economy and even the global economic crisis signals are brought in the United States government-funded acquisition AIG80% of the shares, the U.S. government submitted to Congress on the 20th, a total of 7,000 billion financial rescue plan to prevent the financial crisis deepened. The Rescue Plan has been adopted in principle. In such a financial background, many industries are not immune. U.S. real estate industry is facing a huge crisis, our domestic real estate was also the state of stagnation and even retrogression.

As the economic base of the steel industry Stainless steel Also were caught, resulting in Stainless steel Downstream industry chain crisis. This year, nickel prices have been stable and weaker trend of insurance. Although the nickel price in London by the end of February has been outstanding, along the way rose to 33,850 U.S. dollars / ton, but in such a price, nickel prices difficult to stand firm, in mid-March all the way to weaken. Although occasionally higher, but after all, more or less up. Economic environment and demand for stainless steel double downturn is affecting the key factor weakening nickel prices. Nickel prices fell

Another factor is the demand by the stainless steel drag, under the influence of economic factors, the performance of these sectors this year are unsatisfactory, greatly reduced the demand for stainless steel, stainless steel, the unprecedented market pressure to increase inventory. Dual role, the stainless steel prices have been falling, this way, the main production elements as nickel stainless steel has also been implicated in some. One large steel plant to suspend its treaty of stainless steel scrap supplier contracts, resulting in a substantial reduction in prices of stainless steel scrap, 304 scrap (8 Nickel) price of 17,500 yuan from the previous / ton down to the current 16500-16800 yuan / ton. It is understood that the steel supplier pre-treaty agreement with the contract price of 18,000 yuan / ton, which has the steel supplier to the agreement to terminate its contract, will face even greater pressure on stainless steel scrap market outlook, short-term stainless steel scrap market further test a low price or may be.

From the domestic steel market point of view, domestic sales have been required to satisfy the market can only pin their hopes on the international market. But because China is a big exporter of steel, trade frictions are inevitable happened, the state recently have stainless steel Seamless Regulation, may cancel currently enjoy 5% tax rebate, as Stainless Steel Pipe At present export trade friction frequently, do not rule out the possibility of a further tax of 10%. Related documents submitted to the State Council, not yet formally approved. About Stainless Steel Seamless Tax rebate cancellation news, industry sources do not come from nowhere: Since the state tax refund last year decreased to 5% of stainless steel seamless pipe has not reduced the number of stainless steel seamless pipe exports, has not reached the effect of restricting exports; with foreign anti-dumping investigation has not been Stop, do not rule out the country under pressure, stainless steel seamless pipe suspended the possibility of tax rebates. This stainless steel seamless pipe export enterprises, is a matter of concern.

Above statements have been clearly seen, the stainless steel market in the upstream industry chain by the stainless steel market and weaker demand, rising stock market and other factors lead to steel industry is already very tired. View from the international economic situation, have been shrouded in a kind of invisible inflation pressure, regardless of whether inflation is really coming, the economic environment are very worrying. People of investor confidence has also been a great blow, from the influx of international investment funds to hedge the spot market behavior, leading to fluctuations in nickel prices and this has a very close relationship. In addition the overall world economic slowdown will inevitably lead to the next phase of the new round of restructuring within the industry plan, which the domestic market integration, mergers and alliances will become an important feature of the next stage. The restructuring process is bound to various steel mills in order to seize market share to price wars, from the September introduction of the October Baosteel steel prices see some clues to the message, so the next stainless steel market is still in a state of overall decline .

Getting a Piece of the Economic Stimulus Package

18. November 2009 · Write a comment · Categories: General Tax · Tags: , , , ,

Just in time for summer fun in the sun, the U.S. federal government is issuing a tax rebate for most middle and low income Americans. Married couples receive the most at ,200 dollars with a 0 dollar addendum per child. Individual tax filers receive 0 dollars, and even those without a tax burden due to lack of income will receive up to 0 dollars in relief. Either way, it sums up to a considerable amount of disposable income available to resuscitate an economy seemingly short of breath. Wholesale retail business owners should be planning now how to entice consumers to spend the rebate check in their store.

Competition will be fierce for a piece of economic stimulus package pie. After all, this bail out is directly the result of a credit system in crisis from overextension of subprime lending. Too many American families are facing mounting piles of debt, and possibly the foreclosure of their home. Surveys of taxpayers show the expected uses of the tax rebate to be paying a bill/debt, beefing up a meager or depleted savings account, and spending it on a large item purchase. Here are a few ways to entice taxpayers to use it in the later use, and not the two former ones.

Encourage a “Summer Bonus” sale!

Highlight overstock summer sporting equipment, discount theme park passes, and wholesale outdoor furniture. Any of these items would be ordinarily classified as “wants,” and now they can be reorganized as “haves.”

Jump on the Back-to-School Bandwagon!

0 per kid is a nice budget for back-to-school needs. These include wholesale children’s apparel, and liquidated office supplies. Checks arrive in May, perfect timing for an end of the school year blowout in preparation for next year.

Home Theater Extravaganza!

Tell your customers to beat the heat with sizzling deals on wholesale electronics and home theater accessories. A tight budget through the year will force many families to spend evenings and weekends at home, so this may be an “investment” in future fun they shouldn’t miss.

New Wardrobe at Warp Speed!

Wholesale clothing apparel for adults can be a great reminder it’s time to update the wardrobe. As customers age, replacing outmoded fashions is not high on the priority list. A simple sales flier refresher might just bring a couple hundred dollars from Uncle Sam your way.

For less focused advertising efforts, try a simple tax rebate special to entice foot traffic on a specific day or group of days. The entire goal of the economic stimulus package is to encourage Americans to spend more money in small businesses. The majority of wholesale retailers are small businesses, privately owned with less than 20 employees. Netting a few additional transactions over the months of May, June, and July of a couple hundred each could improve a sagging retail market. The key is finding the right niche advertising to remind customers of inventory you own that fits a “need.” The need may not be a necessity, but simply a highly desirable wanted good or product. The money will be out there either way, and the only retailers who will see a dime are those who go after it.

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Louisiana Film Tax Credits Create Needed Economic Punch

13. September 2009 · Write a comment · Categories: General Tax · Tags: , , , , , ,

Louisiana has always has a unique mix of unique culture, great food and wonderful history.  But in recent years the state has thrown financial incentives into the “gumbo” as well.  These film tax credits have provided the “spice” that has propelled Louisiana to one of the top filming spots in the world.


According to state officials, 2008 film production in Louisiana has already outperformed 2007 figures both in terms of total dollars and number of projects.  The news couldn’t come at a better time for Louisiana – a state that has worked hard to find ways to replace the losses in tourism that has hurt the state in the post-Hurricane Katrina era.


Some key facts about Louisiana’s film industry:

More than billion in productions have been filmed in Louisiana since 2002

The total direct impact to Louisiana’s economy is .48 billion

The percentage of film budgets spent in Louisiana has risen from 33% in 2005 to 87% for 2007

Film-related jobs in Louisiana have grown at a rate of 23% per year

Over 50 projects were completed in 2007 statewide

An estimated 65 projects will be completed in 2008

Source:   Louisiana Film Office


Success of Key Tax Incentives


The film industry sat up and took notice in 2002 when the Louisiana State Legislature enacted an aggressive film tax incentive program.  Louisiana’s film investor tax credit program offers out of state production companies a tax credit equal to 25% of their spending in Louisiana during film production.  The labor tax credit offers an additional 10% tax credit based on the amount of Louisiana labor employed during the production.


So what has been the impact of these film tax incentives?  Without question the lure of tax credits has helped grow the entire film industry in the state.  From private investments to sound stage and studios – the impact is being seen all over the state.  Many local colleges and universities have already added specialized training programs to satisfy the growing workforce demands


Music and Television Productions


In addition to studio film productions Louisiana’s tax credits have drawn in music and television shows such as:

Disney’s “Imagination Movers”

“Fox’s “K-ville” shot its first year’s pilot program at some of New Orleans more popular tourist settings last fall.

The Subway “Odd Couple” commercial staring New Orleans Saints star Reggie.

Warbirds, a Sci-Fi channel original movie was shot in the Baton Rouge area and recently made its worldwide television premier.

Key Infrastructure Developments


Not to be overlooked in the success of this young industry is the 40% infrastructure tax credit which has encouraged the development of much needed production support facilities.  These new facilities allow film production studios to conduct more of their work in the state thus maximizing their “Louisiana spend.”


Turn Key Production Partners


FBT Film and Entertainment (www.fbtfilm.com) is the only provider of Louisiana film incentive programs affiliated with a bank.  Through our relationship with First Bank and Trust we are able to offer producers a full range of support services including:

Underwriting films, studio projects and evaluating gap financing

Private equity placements

Budget analysis to optimize potential tax credits

Banking relationships and deposit services

Obtaining state certifications for credits

Maximizing the value/sale of tax credits

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