CHINA DONGSHENG INTERNATIONAL I (OTC:CDSG)

Interesting piece of info from the last 10K filed by CDSG (for 2008) shows that, allegedly, PRC can forgave tax liabilities: (Something we much explore going forward).

As of June 30, 2007 the Company had a working capital deficit of $18,988,320. The main reason for our working capital deficiency was due to the $18,925,542 we have booked as taxes payable. However, subsequent to the issuance of the audited report for the fiscal year ended June 30, 2007, the Company’s operating subsidiary, Dongsheng, received an tax clearance notice from the Local Tax Bureau in China stating that as of September 23, 2007, all tax liabilities have been cleared and Dongsheng does not owe any outstanding balance relating to income taxes and other tax liabilities.