Vice-Premier Li Keqiang has pledged to expand a trial programme overhauling the tax system to more industries and regions, underlining Beijing's urgency in boosting businesses that are key to creating jobs.
The government aims to replace the business tax with a value-added tax for companies in more industries, including postal and telecommunications, railways and construction, Li said at a meeting last week and reported by Xinhua. He also reportedly vowed to expand the programme gradually to cover the whole nation.
via Business feed http://www.scmp.com/business/economy/article/1067506/tax-relief-more-mainland-companies
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