Tax re­form

China Daily (Canada) - - FRONT PAGE -

In a bid to en­sure the na­tion’s eco­nomic health, China will bring more le­git­i­macy and fair­ness to its taxation sys­tem, ex­pand­ing pi­lot re­forms to re­place the busi­ness tax with a value-added tax to avoid du­pli­ca­tion, and other mea­sures. ca­pac­ity builds up in some in­dus­tries, such as steel and ce­ment.

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