Message from @TheShréktEffect
Discord ID: 555197861105631294
For businesses
They wanted to steal american companies
and look where that did end, amazon did go fuck you when they did not get a good deal and now NYC is down 25 billion tax dollars
I need a citation for this claim
Which claim?
not that I don't believe you
It was all over the news last year
do you have a link then?
it can be between 0% to 16% depending on what deal you make
http://taxsummaries.pwc.com/frmTerritoryPrintPreview?openForm&countryName=China~%20People~~~s%20Republic%20of&Type=Corporate
Thanks, I couldn't even find it on google news.
Weird, this was a big thing when the tariff war was going on
Exportation of goods; exportation of repair, replacement, and processing services; international transportation services and spacecraft transportation services; exported services that are completely consumed outside China, including:
Research and development (R&D) services.
Energy performance contracting services.
Design services.
Production and distribution services for radio, film, and television programs.
Software services.
Circuit design and testing services.
Information system services.
Process management services.
Offshore outsourcing services.
Transfer of technology.
all pay 0% tax
*There is, however, a catch: To be eligible, foreign companies must invest those earnings in sectors encouraged by China’s government — including railways, mining, technology and agriculture — according to a statement from the Finance Ministry. The measure is retroactive from Jan. 1 this year, the ministry said.*
https://www.pwccn.com/en/services/tax/accounting-and-payroll/overview-of-prc-taxation-system.html
Corporate income tax ("CIT") - standard tax rate is 25%, but the tax rate could be reduced to 15% for qualified enterprises which are engaged in industries encouraged by the China government (e.g. New/high Tech Enterprises and certain integrated circuits production enterprises). Tax holiday is also offered to enterprises engaged in encouraged industries. Other CIT incentives are also available for tax resident enterprises in China.
They give tax holydays to companies of there own discretion like a US based company that is fleeing high taxes
anyways, nice discussion
I have to sleep now
gn
whatsup you insexuals
Incelxuals
Where is everyone again <:pepehands:378719408367075333>
It's dinner time
I need conversation
Or I dry up and die :c
RIP me <:pepe_hang:460603218766987298>
Play around with it
>:(
I need friends not maps <:GWqlabsKek:393085130219978752>
Not you, go to bed
so where are the yangbangers tonight?
Gulaged
They're mining rare earth minerals now
didn't get their social credits this month huh
Nope, there's a shortage
FROM THIS DAY FORTH, SOCIAL CREDITS SHALL BE NATIONALIZED
what if the government stops working??
Yang gang