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.
Mao Zedong Biography. Mao Zedong was a Chinese leader who led the Communist Party of China to victory against the Kuomintang in the Chinese Civil War. Turn down the pages of Chinese history and one name that draws enough eyeballs, both for reasons right and wrong is Mao Zedong. Termed as the most controversial figure of China, Mao Zedong was a Chinese communist revolutionary, politician and socio-political theorist.