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China Daily Website

Front Pages: Aug 29

Updated: 2012-08-29 17:13
(chinadaily.com.cn)
 Front Pages: Aug 29

Southern Metropolis Daily said Guangdong, with its GDP accounting for one-eighth of the nation, started a taxation reform, which may lead to a reduction of tax revenue of 6.6 -10 billion yuan. The reform will replace the business tax with a value-added tax (VAT) in the transportation industry and some modern service industries. 

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