China Reinstates Import Tax Reduction and Exemption for 20 Commodities

From August 5, 2020, China has reinstated its tax reduction and exemption policy for 20 commodities, meaning importers can now enjoy tariff exemptions and import-tax related deductions where applicable. This is according to the Announcement about Stopping Tax Reduction & Exemption for 20 Commodities, jointly released by the Ministry of Finance, the General Administration of Customs, and State Administration of Taxation earlier this month.

In short, the announcement will mean that importers of the stipulated commodities will benefit from preferential tax policies that otherwise apply to goods, trade methods, and enterprises of their type.

Here we explain some

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Roll back tax cuts, extend wellbeing care and center-class tax breaks

Sen. Kamala Harris has a reputation as a prosecutor who slash both means. Similarly, her positions on financial issues ranging from economical housing to Wall Street have elicited muted praise — alongside with some caveats.

As Joe Biden’s preference for vice president, Harris, a California Democrat, shares a lot of of the previous vice president’s economic priorities, but she has also demonstrated a willingness to go her possess way or attain into the much more progressive finish of the party’s toolkit on a broad array of monetary and financial hot-button matters.

The pandemic

“I think her coverage viewpoint is extremely

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