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New corporate tax offers level playing field

By Jiang Wei (China Daily)
Updated: 2007-03-09 09:24

Second, the new tax system will encourage corporate firms to take up more social responsibility by raising the deduction rate for donations.

Third, favorable tax rates will be extended to a wide range of sectors such as environmental protection, energy preservation and agricultural infrastructure.

Also, such preferential policies will be adopted across the country, instead of focusing on specific regions.

Four, small-sized enterprises, accounting for a large percentage of businesses, are expected to enjoy favorable tax rates or preferential measures.

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