In an effort to encourage investments toenergy sector and transportation infrastructures,and promote the development in the Westernand central China, the State Council recentlydecided to expand a tax preferential policy
*Newly-built joint ventures engaged in new and high technological enterprises shall enjoy a 15 percent reduction of income tax for two years, or a 24 percent reduction for two years and a 50 percent reduction in the f...*Newly-built joint ventures engaged in new and high technological enterprises shall enjoy a 15 percent reduction of income tax for two years, or a 24 percent reduction for two years and a 50 percent reduction in the following three years. A choice between the two may be decided by the said enterprises. **Service industry, those enterprises with a foreign capital of more than US$5 million shall be exempt from the tax展开更多
In light of recent tax cuts by the US, should China reintroduce a preferential tax policy to attract foreign direct investment？ This paper investigates whether China＇s 2008 tax policy change affected inward foreign ...In light of recent tax cuts by the US, should China reintroduce a preferential tax policy to attract foreign direct investment？ This paper investigates whether China＇s 2008 tax policy change affected inward foreign direct investment. In contrast to previous studies, we break foreign investment down into suspect and real foreign investment using firm- level data from 1998 to 2008 and conduct a difference-in-difference estimation to determine the effect of the tax policy change on both types of foreign investment and compare these to the effect on domestic investment. The results show that the 2008 tax policy change reduced the amount of suspect foreign investment and its effect on real foreign investment was insignificant, indicating that foreign firms in China are more concerned with the investment environment and economic stability than taxes. Therefore, China should create a regulated business environment instead of readopting supernational treatment for foreign enterprises.展开更多
Since the outbreak of the COVID-19,Chinese President Xi Jinping has de-livered keynote speeches as well as a s eries of remarks and instructions on efforts coordinating COVID-19 prevention and control with socio-econo...Since the outbreak of the COVID-19,Chinese President Xi Jinping has de-livered keynote speeches as well as a s eries of remarks and instructions on efforts coordinating COVID-19 prevention and control with socio-economic development,and has also made overall deployments to secure decisive victories in fighting against the epidemic and poverty,and in building a moderately well-off society in all aspects.展开更多
文摘In an effort to encourage investments toenergy sector and transportation infrastructures,and promote the development in the Westernand central China, the State Council recentlydecided to expand a tax preferential policy
文摘*Newly-built joint ventures engaged in new and high technological enterprises shall enjoy a 15 percent reduction of income tax for two years, or a 24 percent reduction for two years and a 50 percent reduction in the following three years. A choice between the two may be decided by the said enterprises. **Service industry, those enterprises with a foreign capital of more than US$5 million shall be exempt from the tax
基金This paper was funded by the National Social Science Foundation of China （No. 16ZDA006） and the National Natural Science Foundation of China （Nos. 71773084 and 71373186）.
文摘In light of recent tax cuts by the US, should China reintroduce a preferential tax policy to attract foreign direct investment？ This paper investigates whether China＇s 2008 tax policy change affected inward foreign direct investment. In contrast to previous studies, we break foreign investment down into suspect and real foreign investment using firm- level data from 1998 to 2008 and conduct a difference-in-difference estimation to determine the effect of the tax policy change on both types of foreign investment and compare these to the effect on domestic investment. The results show that the 2008 tax policy change reduced the amount of suspect foreign investment and its effect on real foreign investment was insignificant, indicating that foreign firms in China are more concerned with the investment environment and economic stability than taxes. Therefore, China should create a regulated business environment instead of readopting supernational treatment for foreign enterprises.
文摘Since the outbreak of the COVID-19,Chinese President Xi Jinping has de-livered keynote speeches as well as a s eries of remarks and instructions on efforts coordinating COVID-19 prevention and control with socio-economic development,and has also made overall deployments to secure decisive victories in fighting against the epidemic and poverty,and in building a moderately well-off society in all aspects.
