China touts tax break to attract foreign investment

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  1. China touts tax break to attract foreign investment  Asia Times
  2. China Makes Life Less Taxing for Foreign Companies  Caixin Global
  3. China pursues tax reform to boost foreign investment following US cuts  Daily Sabah
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The Ministry of Finance, State Administration of Taxation and two other departments have co released a tax break to attract foreign investment, Economic Information Daily reported. Foreign investors who use the profits distributed by domestic enterprises to invest in certain projects recommended by the .The New York Times reported that China will temporarily allow foreign companies to not pay tax on their earnings. The exemption will "promote the growth of foreign investment, improve the quality of foreign investment and encourage overseas investors to continuously expand their investment in China," .The move would "promote the growth of foreign investment, improve the quality of foreign investment and encourage overseas investors to continuously expand their investment in China," the ministry said. It did not elaborate. Despite its appeal as a manufacturing hub, one where companies from around .Foreign firms will be exempt from withholding taxes on profits they reinvest in industries specified by Beijing, the finance ministry and tax agency said. It is also retroactive to , meaning such companies will receive a refund on taxes paid this year. Beijing wants to "attract foreign investors after .







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