The inspector calls: China plans wide-ranging tax reform
Article Abstract:
China intends to implement tax reforms to widen the tax base and boost revenues while reducing the bewildering complexity of the existing tax code. The all-time-high government budget deficit that was announced in Mar 1993 was the immediate cause of the new reform plan. A key part of the plan is to adjust corporate taxes so that both foreign and domestic companies will pay at a 33% rate. However, the government faces the difficulty of eliminating unfair profits taxes while continuing to give foreigners a financial motive for investing in China.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Changing showcase: China submits the Canton trade fair to competition
Article Abstract:
Management of the Canton Trade Fair has devolved from Peking to provincial and city offices as a result of the government's decentralization efforts. Part of the plan calls for the limitation of the 10-day spring fair to textiles and light industrial goods. Although the fair loses its subsidy from Peking as a downside of decentralized management, the Canton fair is not expected to suffer. Its proximity to Hong Kong maintains its edge as an ideal venue for international traders to meet domestic manufacturers.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Comment about this article or add new information about this topic:
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