Caixin
Dec 23, 2016 06:19 PM
ECONOMY

Tax Bureau Disputes Accusations That Tax System Stifles Growth

(Beijing) — China's tax bureau has hit back at an academic who claims the country's business tax system has stifled corporate development and dragged down economic growth, calling the accusation “misleading.”

A study conducted by Li Weiguang, a fiscal-policy professor at Tianjin University of Finance and Economics, concluded that the corporate tax rate in China was nearly 40%.

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