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The State Council, or China's cabinet, has decided to expand its value-added tax reform nationwide, covering more industries in order to further reduce tax burdens on businesses. Experts say the expansion sends a signal that the government is speedin
BEIJING, July 25 (Xinhua) -- The Chinese government said Wednesday that it will expand the pilot reform of replacing turnover tax with value-added tax (VAT) to 10 more provinces and cities from August 1 this year as part of the country's efforts in s
Photo: AP Margaret Chan, Director General of World Health Organization speaks at a press conference at WHO headquarters in Geneva, 29 Dec 2009 World Health Organization Director-General Margaret Chan says she is disappointed a deal on climate change
The United States, with the world's-largest economy, now has claimed the dubious distinction of having the industrialized world's highest corporate tax rate. Japan dropped its corporate tax rate slightly on Sunday, to just more than 38 percent. That
BEIJING, May 21 (Xinhua) -- China's recent move to give private capital equal treatment in investing in the country's railway projects is expected to inject new vitality into the long-monopolized railway sector amid concerns of an economic slowdown.
Chinese gov't studying property tax expansion: minister BEIJING, Nov. 12 (Xinhua) -- The Chinese government is actively studying an expansion of the experimental property tax program in the country and may expand the program when time is appropriate,