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Reform to Raise Western China's Tax Income

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Created 08/07/2010 - 9:53am

News [1]

Reform to Raise Western China's Tax Income

by CFO Innovation Staff, 08 July 2010
topics:
Accounting and Regulations [5] Tax [6]
tags:
resources tax reform [7] tax income [8]
Thumbnail: 

To raise the tax income of underdeveloped regions, China is considering expanding the resources tax reform from Xinjian to the western provinces, says the South China Morning Post. [9]

 

According to the Post, companies in the Western provinces currently and will continue to enjoy a 15% corporate tax income, against the 25% standard rate.

 

The Post says the reform will replace the volume-based tax with one that links the tax to resources prices.
 

Original Article URL: 
Beijing may extend tax on resources to western areas [10]
Orignal Author: 
CFO Innovation Staff
Quote Image: 
Original Article URL:
Beijing may extend tax on resources to western areas [10]
[11]
[11]

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[3] http://www.cfoinnovation.com/print/1449
[4] http://www.digg.com/submit?url=http://www.cfoinnovation.com/content/reform-raise-western-chinas-tax-income
[5] http://www.cfoinnovation.com/topic/2237/Accounting and Regulations
[6] http://www.cfoinnovation.com/topic/2336/Tax
[7] http://www.cfoinnovation.com/tag/resources tax reform
[8] http://www.cfoinnovation.com/tag/tax income
[9] http://www.scmp.com
[10] http://www.scmp.com/portal/site/SCMP/menuitem.0e28f4bc32cee73034ebbc0a53a0a0a0/?s=idx_Business
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