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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Jim Willie CB who wrote (7478)2/9/2004 6:55:20 PM
From: RealMuLan  Read Replies (2) of 110194
 
eliminating the tax break for foreign-invested companies also help to slow things down in China

"Deputy Finance Minister Lou Jiwei said by the time the plan was fully implemented in two years or so, the new tax rate for all foreign and domestic companies would be between 24per cent and 28per cent.
...
Now, all companies are required to pay 33per cent tax on their profits. But tax breaks designed to lure foreign investment into specific industries or regions have meant foreign companies often need to pay only 20per cent or, in some cases, nothing."
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