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March 8, 2012

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Home » Business » Finance

Green tax cuts

THE Ministry of Finance yesterday said China will promote the use of environmentally-friendly vehicles and ships by offering tax cuts.

From the beginning of this year, China halved vehicle taxes for users of energy-saving cars and ships, according to a document posted on the ministry's website. Vehicle taxes for users of new-energy cars and vessels will also be removed, said the document jointly released by the finance ministry, the Ministry of Industry and Information Technology and the State Administration of Taxation.




 

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