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Benjamin Wey: Follow Rules and Excel in Your Business
Benjamin Wey: Follow Rules and Excel in Your Business
The foremost aim of this press release is to convey the right information according to Mr. Benjamin Wey, an expert on Chinese Business in US, on SAIC filings in China and their U.S. SEC filings.
New York,
New York ,
United States of America
(prbd.net)
23/09/2011
Benjamin Wey, the President of New York Global Group, is an expert on Chinese Business in US. He has an utmost knowledge on various financial issues and advice many companies for their betterment in financial markets. His expertise on SAIC and SEC related matters helps investors and companies to resolve their doubts regarding indiscretion found in financial results shown as per SAIC filings in China and their U.S. SEC filings.
According to Mr. Wey, only the right government agency can collect and evaluate the corporate taxes in any country and in China the authorized agency for tax collection is the State Administration Taxation, not SAIC. Thus financial reports generated by SAIC does not reveal the actual financial status of any Chinese company. In addition, SAT follows strict rules of filing and keeping the financial secrets within the department itself. Thus, it is not possible to get a SAT’s report of any company without using illegitimate resources.
Different people share different views on ways of filing taxes by the parent corporation having multiple secondary companies. As per SAT and other government agencies, if a parent company owns multiple subsidiaries and those are not located at the native place i.e. the place where the parent company exist, then all the subsidiaries have to individually file their tax returns as per their Local Tax Bureau. Finally, all the financial statements are consolidated to one big financial statement of the Holding company.
It is true that understanding the financial issues and managing them according to the rules of different countries are difficult, but if you have a consultant like Mr. Benjamin Wey then running a business as per government’s rules and regulations can be tailored as a conventional job.
To know more on Benjamin Wey and his path of success and accomplishments in life, visit his official blog http://benjaminweynygg.blogspot.com/
Contact Address:
http://www.nyggroup.com/leadership.php
New York Global Group
The Trump Building
40 Wall Street
New York, NY 10005
USA
Tel: 212-566-0499
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New York Global Group, Inc.
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