男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影
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: 江川县| 顺平县| 天台县| 福州市| 金寨县| 越西县| 白朗县| 白水县| 临颍县| 鹿邑县| 延边| 天台县| 深水埗区| 汤阴县| 晋宁县| 昌黎县| 南阳市| 罗城| 阜新| 岱山县| 方山县| 山阳县| 民乐县| 高阳县| 鄯善县| 铜川市| 海口市| 南雄市| 连南| 平陆县| 阳东县| 交口县| 连城县| 万安县| 梅州市| 六枝特区| 莒南县| 宁城县| 尼勒克县| 灵台县| 鄄城县| 健康| 绥芬河市| 赤城县| 左权县| 通许县| 长武县| 呼伦贝尔市| 调兵山市| 文昌市| 渝北区| 伊宁市| 思南县| 曲松县| 沾化县| 商丘市| 菏泽市| 新竹市| 镇远县| 杂多县| 敦化市| 临夏市| 宣城市| 始兴县| 昌吉市| 屏南县| 句容市| 浮山县| 新营市| 普定县| 民勤县| 武功县| 遵义县| 治多县| 鄂伦春自治旗| 临桂县| 汉沽区| 景宁| 灵宝市| 印江| 祁东县| 宜黄县|