Chinese legislature keeps corporate tax rate unchanged at 25 per cent
(WorldNews China)

Beijing plans to keep its corporate tax rate at 25 per cent for the time being, ignoring calls by leading entrepreneurs to reduce the burden on businesses and make the nation more competitive in the global marketplace. But China would closely watch what steps other countries took in this direction, said a senior official at the Finance Ministry. The National People’s Congress left the rate unchanged in amending the corporate income tax law on Friday. Instead, the legislature raised how......