Jim Oberweis on Free Trade



Challenge in China is lack of clarity on taxes

Q: When doing business in China, how do you navigate waters like capital gains? You've observed in the past that, yes, they may be on the book somewhere, but nobody pays attention to them.

Oberweis: We talked a lot to our tax people on this, as well. As it currently stands, nobody pays it and you have to be aware of it. I think you're going to see clarification on it, though. I think, within the next couple years, there'll be much sharper clarification. It's not only a question of China, but what about other companies that are listed elsewhere or have part of their business elsewhere? Or companies where their headquarters are elsewhere, but all the businesses are in China? That's one of the challenges of investing in China, is the lack of clarity with respect to tax positions. We have experts on our team who try to help advise us. I'll be the first to tell you, it is not a crystal clear area and you have to make the best decisions you can under the circumstances that you know.

Source: Forbes Magazine interview on 2014 Illinois Senate race , Jan 5, 2012

Invest in Indonesia, Vietnam, Japan, India, and China

Q: What countries interest you in Asia, besides China?

Oberweis: I'm going to Jakarta for an exploratory reason in February.

Q: Do you fear you've missed it?

Oberweis: Maybe. It's been on fire. We're going to go visit companies and look and see. We were in Vietnam two years ago looking at the same types of things. Vietnam is a great place to be. It's a really hard place to play public equity markets, just because it's a relatively corrupt insider trading environment. We're certainly seeing more ideas in Japan than we've seen in a long time. Part of that is currency, part of it is rebuilding and part of it is, I think, increasing trade with China. You would expect that, with the exception of the cultural barriers that are so high, but I think you'll see a little bit more of that in the decade to come. Money has a way of trumping even the gravest of enemies over time. India has always been an area of interest for us. Until recently, it's been hard to find the valuations that we like.

Source: Forbes Magazine interview on 2014 Illinois Senate race , Jan 5, 2012

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