China will further cut taxes for........>

CHINA PRESS: China will further cut taxes for Chinese companies, reported

Economic Information Daily, a newspaper of the official Xinhua News Agency, on

Thursday. 

  - China's proactive fiscal policy will focus on reducing tax for certain

groups, particularly micro-businesses and innovative companies, the newspaper

said, citing government researchers and experts. 

  - Tax reduction for micro-businesses and start-ups could enhance companies'

return on investment, thus enhancing innovation in the country, said Li Wanfu,

director of the Tax Sciences Research Institute under State Administration of

Taxation; 

  - China will implement other tax reduction policies to reach its goal of

cutting tax by at least CNY1.1 trillion this year, the newspaper said.