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A 150-billion-yuan VAT Reform

From Economic Observer Online: A 150-billion-yuan tax cut formula under the Value-added Tax (VAT) Reform has been submitted to the Chinese State Council, and might come into effect on January 1 next year, tax officials told the...

Tax Dilemma for China’s Ministry of Finance

From Economic Observer Online: Corporate income tax is likely to be targeted as a major source to boost China’s state coffer as its Ministry of Finance faces increasing fiscal spending pressure from natural disasters and...

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