Written by Miami Today on September 27, 2012
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SOMEWHAT TAX FRIENDLY: Miami ranks 13th best for tax friendliness to businesses among the nation’s largest 27 municipalities, KPMG International said in a report Tuesday. The only other Florida cities on the list are Orlando, ranked sixth, and Tampa, ninth. Cincinnati was atop the list, followed by Baltimore, Cleveland and Atlanta. Least tax friendly for businesses is San Francisco, KPMG said. The index ranks the total taxes paid by corporations as a percentage of total tax paid by similar corporations in four US baseline cities. Miami corporations paid 92.8% of the baseline figure, KPMG found.
RICE RISES: Royal Caribbean Cruises Ltd. promoted Brian Rice to vice chairman and chief financial officer, the corporation announced Tuesday. He had been executive vice president and chief financial officer.
CARGO CARRIER: Evergreen International Airlines has started twice-weekly scheduled air cargo flights between Miami International Airport and three cities in Brazil, airport officials announced this week. Evergreen started the service Sept. 16, using a Boeing 747-200F aircraft on a circular cargo route to Manaus, Rio de Janeiro and São Paulo. Evergreen is Miami International’s eighth cargo airline serving Brazil, Miami’s top partner in air trade value. The airport’s "international cargo operation, which ranks number one in the US, continues to help make the airport our top economic engine for business revenue and jobs," said Miami-Dade County Mayor Carlos Gimenez. Brazil is Miami’s No. 1 partner country in air trade value with $12.1 billion in trade in 2011, accounting for 69% of the total cargo value between the US and Brazil annually. Brazil is also the No. 2 trade partner in cargo volume with 137,382 tons of freight in 2011, representing 62% of all US air trade with Brazil, according to the Aviation Department. Exports to Brazil include computers, telecommunications and industrial machinery. Imports include vehicle parts, tires, fish, and crustaceans. The other cargo airlines linking Brazil are LANCO, ABSA, Tampa Airlines, LAN Cargo, Centurion, Skylease and UPS.
CHINESE EXECUTIVES: The Conrad Miami hotel on Brickell Avenue will host a sold-out business roundtable discussion Friday on US-China trade and investment, featuring a panel of Chinese senior executives from the largest privately owned companies in China, according to the Greater Miami Chamber of Commerce, which is co-hosting the event. The delegation headed by one of China’s most influential organizations — the All China Federation of Industry — is looking for investment opportunities in South Florida and Latin America, the chamber said.