Businesses pay taxes on their net income. Net income, is not the same as revenue, however. To calculate the net income, you need to start with the firm's revenues and deduct the relevant expenses located on the income statement. The computation itself is basic, and requires no specialized knowledge; take care, however, to input the numbers correctly to avoid any errors.
Deng Xiaoping emerges as paramount leader of the People's Republic of China. Deng had been dropped from the leadership roles after the April 1976 demonstrations in Tiananmen Square. As noted above, in July 1977 he returned to all his official positions and in addition he was the chief of staff of the People's Liberation Army.
After 1978, MAO's successor DENG Xiaoping and other leaders focused on market-oriented economic development and by 2000 output had quadrupled. For much of the population, living standards have improved dramatically and the room for personal choice has expanded, yet political controls remain tight.