国内英语资讯:China unveils tax exemption to attract foreign investment
<p><span word="BEIJING">BEIJING</span>, <span word="Dec">Dec</span>. 28-- <span word="China">China</span>'<span word="s">s</span> <span word="Ministry">Ministry</span> <span word="of">of</span> <span word="Finance">Finance</span> (<span word="MOF">MOF</span>) <span word="said">said</span> <span word="Thursday">Thursday</span> <span word="it">it</span> <span word="will">will</span> <span word="exempt">exempt</span> <span word="foreign">foreign</span> <span word="companies">companies</span> <span word="from">from</span> <span word="paying">paying</span> <span word="provisional">provisional</span> <span word="withholding">withholding</span> <span word="income">income</span> <span word="tax">tax</span> <span word="on">on</span> <span word="profits">profits</span> <span word="they">they</span> <span word="re">re</span>-<span word="invest">invest</span> <span word="in">in</span> <span word="the">the</span> <span word="country">country</span>.</p><p><span word="The">The</span> <span word="news">news</span> <span word="comes">comes</span> <span word="as">as</span> <span word="the">the</span> <span word="Chinese">Chinese</span> <span word="government">government</span> <span word="is">is</span> <span word="moving">moving</span> <span word="to">to</span> <span word="attract">attract</span> <span word="foreign">foreign</span> <span word="investors">investors</span> <span word="after">after</span> <span word="a">a</span> <span word="host">host</span> <span word="of">of</span> <span word="countries">countries</span> <span word="unveiled">unveiled</span> <span word="similar">similar</span> <span word="measures">measures</span> <span word="to">to</span> <span word="lure">lure</span> <span word="foreign">foreign</span> <span word="and">and</span> <span word="domestic">domestic</span> <span word="investment">investment</span>.</p><p><span word="Foreign">Foreign</span> <span word="companies">companies</span> <span word="play">play</span> <span word="an">an</span> <span word="increasingly">increasingly</span> <span word="important">important</span> <span word="role">role</span> <span word="in">in</span> <span word="boosting">boosting</span> <span word="China">China</span>'<span word="s">s</span> <span word="economy">economy</span> <span word="and">and</span> <span word="promoting">promoting</span> <span word="industrial">industrial</span> <span word="and">and</span> <span word="technological">technological</span> <span word="upgrades">upgrades</span>. <span word="The">The</span> <span word="new">new</span> <span word="policy">policy</span> <span word="will">will</span> <span word="provide">provide</span> <span word="a">a</span> <span word="better">better</span> <span word="environment">environment</span> <span word="for">for</span> <span word="foreign">foreign</span> <span word="companies">companies</span> <span word="in">in</span> <span word="the">the</span> <span word="long">long</span>-<span word="run">run</span>, <span word="encourage">encourage</span> <span word="them">them</span> <span word="to">to</span> <span word="continuously">continuously</span> <span word="expand">expand</span> <span word="investment">investment</span> <span word="in">in</span> <span word="China">China</span> <span word="and">and</span> <span word="boost">boost</span> <span word="win">win</span>-<span word="win">win</span> <span word="cooperation">cooperation</span>, <span word="the">the</span> <span word="MOF">MOF</span> <span word="said">said</span> <span word="on">on</span> <span word="its">its</span> <span word="website">website</span>.</p><p><span word="The">The</span> <span word="exemption">exemption</span> <span word="is">is</span> <span word="effective">effective</span> <span word="from">from</span> <span word="January">January</span> 1, 2017, <span word="meaning">meaning</span> <span word="taxes">taxes</span> <span word="paid">paid</span> <span word="this">this</span> <span word="year">year</span> <span word="will">will</span> <span word="be">be</span> <span word="refunded">refunded</span>.</p><p><span word="Foreign">Foreign</span> <span word="companies">companies</span> <span word="must">must</span> <span word="meet">meet</span> <span word="a">a</span> <span word="string">string</span> <span word="of">of</span> <span word="conditions">conditions</span> <span word="to">to</span> <span word="be">be</span> <span word="eligible">eligible</span> <span word="for">for</span> <span word="the">the</span> <span word="exemption">exemption</span>, <span word="including">including</span> <span word="direct">direct</span> <span word="investment">investment</span> <span word="into">into</span> <span word="sectors">sectors</span> <span word="encouraged">encouraged</span> <span word="by">by</span> <span word="the">the</span> <span word="Chinese">Chinese</span> <span word="government">government</span>, <span word="and">and</span> <span word="investment">investment</span> <span word="returns">returns</span> <span word="must">must</span> <span word="be">be</span> <span word="transferred">transferred</span> <span word="directly">directly</span> <span word="to">to</span> <span word="invested">invested</span> <span word="companies">companies</span>.</p><p><span word="Countries">Countries</span> <span word="are">are</span> <span word="competing">competing</span> <span word="to">to</span> <span word="attract">attract</span> <span word="foreign">foreign</span> <span word="investment">investment</span> <span word="with">with</span> <span word="a">a</span> <span word="mixture">mixture</span> <span word="of">of</span> <span word="incentives">incentives</span> <span word="including">including</span> <span word="tax">tax</span> <span word="cuts">cuts</span> <span word="and">and</span> <span word="easier">easier</span> <span word="market">market</span> <span word="access">access</span>.</p><p><span word="Spokesman">Spokesman</span> <span word="of">of</span> <span word="China">China</span>'<span word="s">s</span> <span word="Ministry">Ministry</span> <span word="of">of</span> <span word="Commerce">Commerce</span> (<span word="MOC">MOC</span>) <span word="Gao">Gao</span> <span word="Feng">Feng</span> <span word="said">said</span> <span word="earlier">earlier</span> <span word="this">this</span> <span word="month">month</span> <span word="that">that</span> <span word="China">China</span> <span word="will">will</span> <span word="remain">remain</span> <span word="a">a</span> <span word="popular">popular</span> <span word="destination">destination</span> <span word="for">for</span> <span word="foreign">foreign</span> <span word="investment">investment</span>, <span word="due">due</span> <span word="to">to</span> <span word="economic">economic</span> <span word="stability">stability</span>, <span word="market">market</span> <span word="potential">potential</span> <span word="and">and</span> <span word="further">further</span> <span word="opening">opening</span> <span word="up">up</span>.</p><p>"<span word="Tax">Tax</span> <span word="policy">policy</span> <span word="is">is</span> <span word="an">an</span> <span word="important">important</span> <span word="factor">factor</span> <span word="in">in</span> <span word="investment">investment</span> <span word="decisions">decisions</span>, <span word="but">but</span> <span word="it">it</span> <span word="is">is</span> <span word="not">not</span> <span word="necessarily">necessarily</span> <span word="a">a</span> <span word="decisive">decisive</span> <span word="one">one</span>," <span word="he">he</span> <span word="said">said</span>. "<span word="Economic">Economic</span> <span word="stability">stability</span>, <span word="market">market</span> <span word="potential">potential</span> <span word="and">and</span> <span word="business">business</span> <span word="environment">environment</span> <span word="of">of</span> <span word="the">the</span> <span word="target">target</span> <span word="country">country</span> <span word="are">are</span> <span word="also">also</span> <span word="important">important</span> <span word="factors">factors</span> <span word="for">for</span> <span word="investors">investors</span> <span word="to">to</span> <span word="consider">consider</span>."</p>
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