Time for a permanent tax break for China’s Covid-hit small businesses, former mayor says

//Time for a permanent tax break for China’s Covid-hit small businesses, former mayor says

Time for a permanent tax break for China’s Covid-hit small businesses, former mayor says

China should use tax breaks to support small businesses, tackle income inequality and unleash household consumption, a former senior official said on Saturday.Former Chongqing mayor Huang Qifan told the International Finance Forum in Guangzhou that temporary tax breaks for small and medium-sized enterprises (SMEs) should become permanent and the top personal tax cut from 45 per cent to 25 per cent.“A key element of China’s modernisation programme is for most Chinese to reach the middle-income…

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By | 2021-12-05T10:15:24+00:00 December 5th, 2021|Headlines|Comments Off on Time for a permanent tax break for China’s Covid-hit small businesses, former mayor says