RSI Corporate - Licensing

China cuts tax to boost innovation

China Daily- XINHUA

“BEIJING — China cuts more than 300 billion yuan ($46.15 billion) of taxes in 2015 to boost mass entrepreneurship and innovation, according to official data.
Among this, tax exemptions and breaks on small enterprises reached 100 billion yuan and tax cuts designed to encourage high technology development totaled 140 billion yuan, according to the State Administration of Taxation.”(more)