Summary | China has been trying for years to reduce business
costs.Such a crude system resulted in a tax on tax.VAT avoids
this, as it is applied to the value added at each link in the
production chain.Auto maker Geely has benefited from the
reform.That gives the pany more leverage to increase spending
on research.In late April, the U.S. government unveiled the ...
costs.Such a crude system resulted in a tax on tax.VAT avoids
this, as it is applied to the value added at each link in the
production chain.Auto maker Geely has benefited from the
reform.That gives the pany more leverage to increase spending
on research.In late April, the U.S. government unveiled the ...
en.ce.cn | 04 May 2017