St. Elizabeth joins radiation safety campaign
St. Elizabeth Healthcare has joined a national effort to promote radiation safety in medical imaging. The campaign, called Image Gently/Image Wisely, is based on revamped American College of Radiology guidelines. It applies to both adult and pediatric patients. The initiative ?originated from a need to educate our patients, physicians, and our community to ensure that we take the necessary steps toward reducing unnecessary radiation exposure and still meet our top-quality care patients have...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_cincinnati?a=ojcAO9lL5Yc:mVoMgPks3Bc:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_cincinnati?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_cincinnati?a=ojcAO9lL5Yc:mVoMgPks3Bc:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_cincinnati?i=ojcAO9lL5Yc:mVoMgPks3Bc:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_cincinnati?a=ojcAO9lL5Yc:mVoMgPks3Bc:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_cincinnati?i=ojcAO9lL5Yc:mVoMgPks3Bc:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_cincinnati?a=ojcAO9lL5Yc:mVoMgPks3Bc:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_cincinnati?d=qj6IDK7rITs" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/bizj_cincinnati/~4/ojcAO9lL5Yc" height="1" width="1"/>
Procter & Gamble alumni still claiming top jobs
They are a helpful bunch, former employees of Procter & Gamble Co. It?s been about a month since we asked for help in updating our list of P&G alumni who claimed top leadership posts with other companies. And we?re happy to report that our list has grown by 20 people. It?s now over 200 and hopefully still rising. Among the new names on the list are Brian Driscoll, recently announced as CEO of Diamond Foods Inc., and Tom Moore, CEO of the Princeton, N.J.-based biotech firm, Advaxis. He?s...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_cincinnati?a=aRVuwj2skUk:Bs4c3VfnZFE:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_cincinnati?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_cincinnati?a=aRVuwj2skUk:Bs4c3VfnZFE:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_cincinnati?i=aRVuwj2skUk:Bs4c3VfnZFE:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_cincinnati?a=aRVuwj2skUk:Bs4c3VfnZFE:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_cincinnati?i=aRVuwj2skUk:Bs4c3VfnZFE:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_cincinnati?a=aRVuwj2skUk:Bs4c3VfnZFE:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_cincinnati?d=qj6IDK7rITs" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/bizj_cincinnati/~4/aRVuwj2skUk" height="1" width="1"/>
Macy's CEO Lundgren: 'The customer is voting with us'
<img src='http://assets.bizjournals.com/cincinnati/blog/Terry_Lundgren_Macys*100.jpg?v=1'>The Macy?s Inc. annual meeting today was a celebration of the retailer?s rebirth. Chairman and CEO Terry Lundgren noted in prepared remarks that Macy?s began its reorganization in 2008 and 2009 and became ?an all-new company.? ?Fast-forward to today. The customer is voting, and they?re voting with us because our year has been quite good,? he said. Quite good, indeed. The Cincinnati-based department store chain (NYSE: M) has grown sales by more than $1 billion in each of the last...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_cincinnati?a=ryG89ytUJnQ:HoWFlh3k5Ik:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_cincinnati?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_cincinnati?a=ryG89ytUJnQ:HoWFlh3k5Ik:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_cincinnati?i=ryG89ytUJnQ:HoWFlh3k5Ik:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_cincinnati?a=ryG89ytUJnQ:HoWFlh3k5Ik:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_cincinnati?i=ryG89ytUJnQ:HoWFlh3k5Ik:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_cincinnati?a=ryG89ytUJnQ:HoWFlh3k5Ik:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_cincinnati?d=qj6IDK7rITs" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/bizj_cincinnati/~4/ryG89ytUJnQ" height="1" width="1"/>
Social Madness contest starts June 1
A big thanks to the dozens of Cincinnati-based businesses that signed on to participate in our first-ever Social Madness Challenge presented by Capital One Spark Business. The nomination period is officially closed and 70 companies signed on to compete. American City Business Journals, the parent company of the Business Courier, is in the process of reviewing and approving nominations. The next phase of the competition begins on June 1. Companies will be judged based on votes on bizjournals.com,...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_cincinnati?a=r0mYc_cUq4Y:a7TvG4yZKFU:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_cincinnati?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_cincinnati?a=r0mYc_cUq4Y:a7TvG4yZKFU:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_cincinnati?i=r0mYc_cUq4Y:a7TvG4yZKFU:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_cincinnati?a=r0mYc_cUq4Y:a7TvG4yZKFU:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_cincinnati?i=r0mYc_cUq4Y:a7TvG4yZKFU:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_cincinnati?a=r0mYc_cUq4Y:a7TvG4yZKFU:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_cincinnati?d=qj6IDK7rITs" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/bizj_cincinnati/~4/r0mYc_cUq4Y" height="1" width="1"/>
University crowd dominates high-paid public officials list
<img src='http://assets.bizjournals.com/cincinnati/news/butch_jones-300x286*100.jpg?v=1'>The most remarkable thing about the ?Tri-State?s Highest Paid Public Officials? list running in this week?s print edition of the Business Courier, is that there are no public officials on it, if you define the term strictly as people employed by municipal governing entities. The truth is, no local government official makes enough money to be on this list. Instead, the 50 ?officials? on the list are employees of the three area public universities, University of Cincinnati, Miami University...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_cincinnati?a=qZXROPkz-sQ:g8ivaeOOums:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_cincinnati?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_cincinnati?a=qZXROPkz-sQ:g8ivaeOOums:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_cincinnati?i=qZXROPkz-sQ:g8ivaeOOums:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_cincinnati?a=qZXROPkz-sQ:g8ivaeOOums:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_cincinnati?i=qZXROPkz-sQ:g8ivaeOOums:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_cincinnati?a=qZXROPkz-sQ:g8ivaeOOums:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_cincinnati?d=qj6IDK7rITs" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/bizj_cincinnati/~4/qZXROPkz-sQ" height="1" width="1"/>
Covington police chief steps down
<img src='http://assets.bizjournals.com/cincinnati/news/Lee_Russ*100.jpg?v=1'>Covington Police Chief Lee Russo is stepping down from his post after five years on the job. According to a press release from the city, Russo's tenure was marked by an emphasis on community policing and a reduction in major and violent crimes. "Chief Russo reached out to neighborhoods in an unprecedented manner," said City Manager Larry Klein in a statement, "He placed an emphasis on improving public relations and engaging citizens, particularly residents of the city Eastside neighborhood." Russo,...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_cincinnati?a=NnoEGQoI2FU:yE7czlRL8XU:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_cincinnati?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_cincinnati?a=NnoEGQoI2FU:yE7czlRL8XU:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_cincinnati?i=NnoEGQoI2FU:yE7czlRL8XU:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_cincinnati?a=NnoEGQoI2FU:yE7czlRL8XU:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_cincinnati?i=NnoEGQoI2FU:yE7czlRL8XU:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_cincinnati?a=NnoEGQoI2FU:yE7czlRL8XU:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_cincinnati?d=qj6IDK7rITs" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/bizj_cincinnati/~4/NnoEGQoI2FU" height="1" width="1"/>


in “Pillar” Industries and State-owned Enterprises - Zhengzhou grants a 50% refund for three years on the locally retained portion of Enterprise Income Tax already paid on foreign investment funds invested in designated “pillar industries”. It also offers financial incentives for investing in provincially administrated state-owned enterprises. In order to discourage mass layoffs, this incentive is increased if the FIEs retains a given percentage of the enterprise’s original employees.

Inward Remittance of Export Earnings - Zhengzhou offers cash payouts of 0.2% to 0.5% of every dollar of hard currency export earnings that is remitted inward (the best payouts are reserved for the export of technologically advanced products).

Matching Funds - Zhengzhou provides one-to-one matching funds for international market development funds of small to medium-sized exporting enterprises if they are supervised at the provincial level (whether an enterprise is supervised at the provincial level or the national level depends the size of its investment - its Registered Capital; see examination and approval authority for details).

Anti-Dumping Insurance - Zhengzhou will assist FIEs in responding to antidumping initiatives. It also offers subsidies for expenses arising out of participation by exporters in antidumping responses to the extent that these initiatives are not already being subsidized by provincial or national authorities. It may seem a bit odd for a U.S. company to establish an enterprise in China, get involved in a lawsuit filed by the United States for dumping its products, and be subsidized by the Chinese government for expenses necessary to defend the lawsuit, but it’s possible.

Interest Subsidy for Loans Secured by Tax Refund Accounts- Zhengzhou will subsidize a sum equal to 70% of the interest payable on loans that are secured by a tax refund account. If the FIE has not taken out such a loan, Zhengzhou offers a subsidy equal to 50% of the interest that would have been paid on such a loan had it been taken out – it will even provide the fund from which the interest is subsidized. Enterprises that have an annual export volume of at least US$5,000,000 in the previous year and are verified by the National Tax Bureau to have an increased tax refund due for the current year will receive a 100% subsidy.

Export Incentives - An export enterprise with either (ii) an annual export volume of at least US$10,000,000 and actual export volume of at least 25% more than the previous year, or (ii) annual export volume of at least US$5,000,000, an increase in export volume of more than 40% over the previous year, and inward remittances from exports at least 80% of sales volume, will be named a “Zhengzhou Advanced Foreign Exchange Generating Export Enterprise” and awarded a 30,000 RMB prize (roughly $3,500 US dollars) as long as it has not committed serious regulatory violations during the year preceding the award.

Basic Tax Rate - The nationally-mandated basic Enterprise Income Tax rate for foreign invested enterprises is 33%, including a 3% surcharge that is retained by local governments. However, because Zhengzhou has been classified by the national government as a “city open to foreign investment and trade”, the Enterprise Income Tax rate of production-oriented FIEs located within the city is reduced to 24%. Furthermore, since the Zhengzhou Economic & Technical Development Zone (an industrial park located within urban Zhengzhou) has been designated as a National Economic & Technical Development Zone, the Enterprise Income Tax rate for production-oriented FIEs located therein has been further reduced to only 15%.

Article Source: http://www.article-matrix.com

David Carnes is licensed to practice law in California. He speaks and reads Mandarin Chinese and has several years experience working with Chinese law firms and Sino-American joint ventures. Check out his website, China Legal Bulletin.

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