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Law & Regulation

Tax reform debate resumes

The National People's Congress is expected to take up the tax-reform debate, amid calls for a unified corporate income-tax rate, which may spell higher rates for foreign-funded ventures. Domestic companies are currently subject to a 33% tax rate, versus 15% for foreign-funded ventures. A plan being considered now calls for a uniform 25% tax rate, which some say could dampen foreign investment.

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