Export Tax Rebates: China's Approach to Reforming the System

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clpstaff &clp articles

Export-oriented businesses have played a leading role in the growth of China's economy in the reform period. At the same time, however, the tax rebates that have been given to exporters as incentives to expand their businesses have created a heavy fiscal burden for the government. What is the solution?

By Shen Xiangman, & Maarten Roos, Wang Jing & Co. Law Firm, Guangzhou

China's growing role in the international economy has led to pressure from its main trading partners for China to play by "international rules". Accession to the World Trade Organization (WTO) in December 2001 created an international forum to address issues such as the opening of different industrial sectors to foreign investment and the better enforcement of intellectual property rights, but discussions on the international stage are not limited to fulfilment of WTO commitments.

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