But they have a tendency to order back. And point guns at me while doing so.
China may soon cut business tax as part of its efforts to prop up the slowing economy amid the global financial crisis, state media reported on Tuesday.
The government is ‘very likely’ to soon cut the business tax for enterprises by one percentage point, the China Daily said, citing an unnamed source close to policymakers.
China’s current business tax varies from three to 20 per cent, boosting government revenue by 600 billion yuan (S$131 billion) last year, according to the paper.
Well doesn’t that just take the fortune cookie!
We’re getting FDR: Part Deux and the Chinese get to resurrect Reagan/Goldwater
Well, at least somebody’s paying attention to solutions that actually work.