China Business & Economy

Beijing Bungles Corporate Tax Reform

Traffic passes a property development under construction in Shanghai in a file photo. China’s construction and services sectors are still awaiting rollout of value-added tax. (Mark Ralston/AFP/Getty Images)
Traffic passes a property development under construction in Shanghai in a file photo. China’s construction and services sectors are still awaiting rollout of value-added tax. (Mark Ralston/AFP/Getty Images)

China has one of the most archaic corporate tax systems in the world, from which the new value-added tax structure was supposed to provide much-needed...

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