www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

BIZCHINA> Taxation
Unifed tax rate to apply to domestic, foreign-funded enterprises
(AFP)
Updated: 2007-03-02 17:49

BEIJING- When the National People's Congress kicks off its annual series of meetings on Monday, one law expected to be passed will unify corporate income tax rates at 25 percent, ending special privileges for foreigners.

Unifed tax rate to apply to domestic, foreign-funded enterprises
Two foreigners use aBank of Chinaautomated teller machine (ATM) in Beijing in this file photo.[AFP]
Unifed tax rate to apply to domestic, foreign-funded enterprises
"The current tax regimes are too complicated," Finance Minister Jin Renqing said recently.

"A unified tax code will create a taxation environment that favours fair competition among all ventures registered in China."

Or that is the theory at least. Foreigners are cautiously waiting to see what the reality will be.

"The question is whether there will be all sorts of dispensations and cozy arrangements for Chinese enterprises," said a Western executive who asked not to be identified.

The new 25 percent tax rate means foreign enterprises which so far have been subject to a 15 percent income tax will have to pay a combined 5.1 billion dollars extra every year, according to official calculations.

Chinese companies, meanwhile, will pay 16.8 billion dollars less, since up until now they have been taxed at 33 percent.

No wonder, then, that Chinese executives such as Lu Honghua, general manager of Changchun Huaxin Food, a candy maker in northeast China, sees the measure as justice finally reigning supreme.

"For us domestic enterprises, the unification of the rates signals that all the enterprises have returned to the same starting point and that all market players are put on an equal footing," Lu told state media.

One oft-cited reason for the unified tax rate is China's entry five years ago into theWorld Trade Organisation, which says foreigners and locals must be treated equally.

Just as important, however, are changes in the requirements of the Chinese economy now compared with when the dual tax regime was devised.

"When the differential tax treatment was introduced, it reflected a need for a policy of reform and of opening," said Wang Li, a senior finance ministry official.

"We needed to attract the foreign capital, to accelerate the development of the economy."


(For more biz stories, please visit Industries)

   Previous page 1 2 Next Page  

主站蜘蛛池模板: 日韩欧美高清在线 | 国产在线精品观看 | 一级成人毛片免费观看 | 中文乱码字幕午夜无线观看 | 久草视频福利在线 | 午夜免费的国产片在线观看 | 久久久久99精品成人片三人毛片 | 午夜性爽快免费视频播放 | 亚洲国产成人久久综合野外 | 91国内精品久久久久怡红院 | 日韩三级欧美 | 国产精品国产欧美综合一区 | 兔子先生节目在线观看免费 | 国产精品一区二区三区久久 | 在线观看精品自拍视频 | 欧美一级视频高清片 | 国产欧美日韩一区二区三区在线 | 爱逼综合网 | 欧美视频xxxxx | 精品欧美一区二区在线观看欧美熟 | 在线亚洲成人 | 美女黄色网页 | 午夜毛片视频高清不卡免费 | 67id人成国产在线 | 国产一级做性视频 | 99re9精品视频在线 | 亚洲在线视频免费观看 | 欧美精品一区二区在线观看播放 | 特黄特色三级在线观看 | 香蕉视频黄色在线观看 | 看真人视频一级毛片 | 亚洲狠狠综合久久 | 国产日产韩产麻豆1区 | 日韩欧美中文字幕在线观看 | 老头巨大粗长xxxxx | 欧美成人一区二区三区在线视频 | 亚洲国产天堂久久九九九 | 午夜爽爽爽视频 | 成人a影片在线观看 | 亚洲一区二区欧美 | 国产福利久久 |