New round of tax cuts extends helping hand to private sector

A NEW ROUND OF MEASURES TO CUT TAXES AND REDUCE ENTERPRISES' BURDEN will be conducive to not only China's high quality economic development but also world economy, Beijing Youth Daily comments:

Director of the State Administration of Taxation Wang Jun said in his keynote speech at the OECD Forum on Taxation Administration in Paris that China is planning to launch a new round of tax measures to reduce the burden on enterprises.

According to Wang, these new measures will include tax exemptions for micro and small-sized enterprises and technological startups, which aims to better promote China's high quality economic growth and fuel the world's economic development.