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The Chinese government will cut the income tax ratesfor the western regions from the average current rate of 33%to 15% to attract overseas investment,an official with theoffice of the leading group for western development under theState Council said.The ethnic autonomous regions will beallowed to cut the income tax rates by even larger margins,to5%。or even 0%.
The Chinese government will cut the income tax rates for the western regions from the average current rate of 33% to 15% to attract overseas investment, an official with the office of the leading group for western development under the State Council said. Ethnic autonomous regions will beallowed to cut the income tax rates by even larger margins, to5%. or even 0%.