Favorable tax to cut corporate debt level
Print Edition
CHINESE authorities yesterday released preferential tax policies on companies’ restructuring activities in an effort to tackle high corporate debt.
The Ministry of Finance and the State Administration of Taxation detailed multiple favorable tax breaks to businesses engaged in mergers, acquisitions and debt restructuring. They asked local authorities to pay close attention to the implementation of the policies.
The move came as the State Council in October announced measures to reduce companies’ leverage by encouraging mergers and acquisitions and through debt-for-equity swaps.
High corporate leverage in China has become a major threat to financial stability in recent years, especially as China’s growth has faced persistent pressure.
China has made deleveraging one of the priorities to push supply-side structural reform, which is believed to be key to sustaining economic growth, together with tackling industrial overcapacity, reduction of housing inventories and lowering companies’ financing costs.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
