Foreign firms can still benefit despite unified tax system,

时间：2007-03-01 01:12:46

（单词翻译:单击）

Chinanews, Beijing, Feb. 27 – It is China's basic national policy to carry out opening-up and reform and the policy of attracting foreign investment. The two policies are also taken by many other countries in the world as common practices to augment1 their economic strength. While many other countries in the world offer various types of tax preferences in order to attract foreign investment, it is impossible for China to scrap2 its tax preferential policies for foreign firms because China also wants to attract as much foreign investment as it can. The new corporate3 tax scheme, which applies a unified4 tax for both domestic and foreign firms, aims to rationalize the tax preferential policies to both domestic and foreign firms and improve China’s general capabilities5 in utilizing6 foreign investment. The view that the unified tax system means that China has scrapped7 preferential tax policies for foreign firms is “groundless,” said Jia Kang, director of the Research Institute at the Ministry8 of Finance, as quoted by the People's Daily.

 

Jia highlighted several points related with the new unified tax scheme.

 

Firstly, after adopting the new unified tax scheme, the tax rate applied9 to domestic and foreign firms in China will be 25%. Such tax rate is still lower than the current average tax rate in the member states of the Organization for Economic Cooperation and Development (OECD), and also lower than the average tax rate in the neighboring countries and regions around China. So China will still remain attractive for foreign investment.

 

Secondly10, China allows foreign firms to have a transitional period of shifting to the new tax scheme. During the period, foreign companies can still enjoy the tax preferential policies offered by the Chinese government. With this measure, it is expected that the negative impacts brought by the new tax system can be reduced to the minimum for the foreign firms in China.

 

Thirdly, China encourages foreign firms to make investment in industrial sectors11 related with clean production, energy conservation, pollution reduction and treatment. Foreign companies in these industrial sectors can still enjoy very attractive tax preferential policies. Although foreign companies will have to pay the same tax rate as domestic counterparts, those foreign firms that have grasped advanced technologies and key manufacturing skills might be more likely to enjoy tax preferential policies offered by the Chinese government for a long period of time to come.

 
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1 augment Uuozw     
vt.(使)增大，增加，增长，扩张
参考例句：
  • They hit upon another idea to augment their income.他们又想出一个增加收入的办法。
  • The government's first concern was to augment the army and auxiliary forces.政府首先关心的是增强军队和辅助的力量。
2 scrap JDFzf     
n.碎片；废料；v.废弃，报废
参考例句：
  • A man comes round regularly collecting scrap.有个男人定时来收废品。
  • Sell that car for scrap.把那辆汽车当残品卖了吧。
3 corporate 7olzl     
adj.共同的，全体的；公司的，企业的
参考例句：
  • This is our corporate responsibility.这是我们共同的责任。
  • His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。
4 unified 40b03ccf3c2da88cc503272d1de3441c     
(unify 的过去式和过去分词)； 统一的； 统一标准的； 一元化的
参考例句：
  • The teacher unified the answer of her pupil with hers. 老师核对了学生的答案。
  • The First Emperor of Qin unified China in 221 B.C. 秦始皇于公元前221年统一中国。
5 capabilities f7b11037f2050959293aafb493b7653c     
n.能力( capability的名词复数 )；可能；容量；[复数]潜在能力
参考例句：
  • He was somewhat pompous and had a high opinion of his own capabilities. 他有点自大，自视甚高。 来自辞典例句
  • Some programmers use tabs to break complex product capabilities into smaller chunks. 一些程序员认为，标签可以将复杂的功能分为每个窗格一组简单的功能。 来自About Face 3交互设计精髓
6 utilizing fbe1505f632dff25652a1730952a6464     
v.利用，使用( utilize的现在分词 )
参考例句：
  • Utilizing an assembler to produce a machine-language program. 用汇编程序产生机器语言的过程。 来自辞典例句
  • The study and use of devices utilizing properties of materials near absolute zero in temperature. 对材料在接近绝对零度时的特性进行研究和利用的学科。 来自辞典例句
7 scrapped c056f581043fe275b02d9e1269f11d62     
废弃(scrap的过去式与过去分词)； 打架
参考例句：
  • This machine is so old that it will soon have to be scrapped. 这架机器太旧，快报废了。
  • It had been thought that passport controls would be scrapped. 人们曾认为会放开护照管制。
8 ministry kD5x2     
n.(政府的)部；牧师
参考例句：
  • They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
  • We probed the Air Ministry statements.我们调查了空军部的记录。
9 applied Tz2zXA     
adj.应用的；v.应用，适用
参考例句：
  • She plans to take a course in applied linguistics.她打算学习应用语言学课程。
  • This cream is best applied to the face at night.这种乳霜最好晚上擦脸用。
10 secondly cjazXx     
adv.第二，其次
参考例句：
  • Secondly,use your own head and present your point of view.第二，动脑筋提出自己的见解。
  • Secondly it is necessary to define the applied load.其次，需要确定所作用的载荷。
11 sectors 218ffb34fa5fb6bc1691e90cd45ad627     
n.部门( sector的名词复数 )；领域；防御地区；扇形
参考例句：
  • Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
  • Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》

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