CNBC Bonus Bucks Video Trivia: What is the new unified corporate tax rate in China?
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Today’s video question:
China’s parliament passed a corporate income tax law in which all companies will pay a unified tax rate. What is the new tax rate?
Bloomberg.com: Worldwide says:
The new corporate tax law unifies the rate at 25 percent, providing equal treatment to overseas and domestic companies. Businesses involved in high-technology products, energy- conservation projects and other industries needed by the Chinese government are still entitled to tax breaks at 15 percent.
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