Posted inChinaShanghai

Are nominal tax cuts really helping Chinese enterprises?

Enterprises in China are still complaining about their tax burden following the government’s 1.3-trillion-yuan (US$190 billion) tax cut because they are using different standards to measure the cut, Yicai.com reported on Monday. The Chinese government cuts taxes by reducing the statutory or nominal tax rates, while enterprises measure the actual tax burden by comparing the […]