| Finance: China releases tax breaks (Shanghai Daily)
 Updated: 2006-07-20 15:43
 To encourage more donations to charitable organizations, the Ministry of 
Finance and the State Administration of Taxation will allow five different forms 
of tax-deductible donations from individuals, corporations and institutions, 
Beijing News reported today.  For example, if a person earns 10,000 yuan (US$1,250) every month and donates 
5,000 yuan to appointed organizations, they needn't pay tax for the donated 
part. 
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