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Breaking News: China to abolish tax concessions for foreign firms

March 5th 2007 05:43
A draft proposal submitted by the Chinese Premier Wen Jiabao to the National People's Congress today for approval of a 10% increase of corporate tax on foreign firms to 25%, as the government seeks to build a unified corporate tax rate.

Benkaiser.NET Investment Portal takes the view that the Chinese moves could have an affect on the markets.

More here: Time to end tax benefits for foreign firms in China: Wen



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Posted By: Benjamin - Category: The Econs
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