Shenzhen, hometown of Huawei, will offer tax breaks to overseas and local talent to maintain edge in tech amid trade war

//Shenzhen, hometown of Huawei, will offer tax breaks to overseas and local talent to maintain edge in tech amid trade war

Shenzhen, hometown of Huawei, will offer tax breaks to overseas and local talent to maintain edge in tech amid trade war

Shenzhen, Hong Kong’s neighbour to the north and mainland China technology powerhouse, will extend tax breaks to top overseas and local talent as it seeks to maintain its edge in innovation amid an escalating trade war between the United States and China.Wang Lixin, a deputy mayor, said on Sunday the city would use its own operating income to make up for the shortfall in tax revenue. Under the scheme, income tax will be cut to 15 per cent of annual income for certain individuals.“Suppose you…

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By | 2019-05-27T13:00:13+00:00 May 27th, 2019|Business|Comments Off on Shenzhen, hometown of Huawei, will offer tax breaks to overseas and local talent to maintain edge in tech amid trade war