China eyes more cuts to company tax, fees
The Chinese government is expected to step up tax and fee reductions for enterprises as part of efforts to bring down the burden on the real economy, according to China Securities Journal. Finance Minister Liu Kun has said enterprises’ costs are expected to drop by more than 1.3 trillion yuan (US$188 billion) this year, adding that more large-scale and effective policies are in the pipeline.
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tags: chinese tax