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Tax cut's initial effects, challenges

CCTV.com

05-01-2017 14:56 BJT

(Source: CGTN)

It’s been a year since China replaced its business tax with the value added tax. The VAT is said to be a growth friendly tax used by more than 170 countries. Experts say the majority of businesses now pay less in taxes because of the reform. But the progress has not been without its hiccups.

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