He Liming, vice chairman of the China Federation of Logistics & Purchasing and shown here, said that new regulations are expected to change unreasonable phenomena such as repetitive taxation in that industry. The business taxes in the storage and delivery sectors will likely be unified to 3% respectively, instead of the present 5% and 3%.
The China Federation of Logistics also suggests speeding up of the pilot program. The logistics enterprises are expected to enjoy the new tax treatment if they are assessed as "A" class. The number of the first batch of enterprises selected in the pilot program has reached 600 to 700.
ChinaMining.org reports that currently, China has about 250,000 iron and steel logistics companies covering such fields as processing, distribution, storage and packaging. However, the whole industry is still small and scattered, with resources not logically distributed.
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