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Hardworking arrow News arrow Business arrow Business arrow China considers same tax rate for domestic, overseas firms (AFP)
China considers same tax rate for domestic, overseas firms (AFP)
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Early morning traffic passes in front of a large property development under construction in Shanghai. Chinese lawmakers have mulled a draft law that would impose a 25 percent income tax on both domestic and foreign firms, eliminating the preferential rate for overseas companies.(AFP/File/Mark Ralston)AFP - Chinese lawmakers have mulled a draft law that would impose a 25 percent income tax on both domestic and foreign firms, eliminating the preferential rate for overseas companies, according to state media.



Read more at: http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/afp/20061224/bs_afp/chinaeconomytax.
 
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