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Chinese companies already pay among the world's highest tax rates. Now they're facing even more taxes and stricter enforcement. Stricter social security tax collections could erode China’s corporate profits by 2.5 percent, according to Lu Ting, an economist at Nomura Securities.pic.twitter.com/c9Or1m9bZD
All of these come at a time when China is facing slowing growth and rising pressures from President Trump’s trade war. Entrepreneurs are confused: shouldn't the government treat us better in time like this? Many say it's the darkest hour for the private enterprise.
I’m confused as well. What is the motive for XJP in doing so?!
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