waives

China temporarily waives taxes to get foreign firms to stay

China temporarily waives taxes to get foreign firms to stay

  BEIJING:China will temporarily waive income taxes for foreign companies on profits they reinvest in the country as Beijing battles to retain foreign firms and investment. The finance ministry announced Thursday the new tax policy, which will apply retroactively from January so businesses will be able to take advantage of the exemption for this year’s taxes. The […]