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.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved