China improves its tax system to facilitate investment by companies like Apple

Apple Pay in China

There has been talk of the one known as New world order, the struggle to be the most important country in the world, the country to rule them all (sorry for the apocalyptic tone) ... Strategies of the countries to be better than their competitors, countries among which we find the United States, Russia, India , or China ...

And now at war to be the one "most relevant country in the world", China has just announced a new move in its strategy to attract foreign companies that end up investing in the Asian giant. And what better than to make a tax exemption policy ... Yes, China just announced that it will offer tax exemptions for foreign companies who want to invest in their country, and obviously this is news that Apple is enjoying a lot ... After the jump we give you all the details.

Tax exemptions that would be retroactive to January 1, 2017, and whose objective is to offer companies (from the technology, rail, agricultural, and mining sectors) to dedicate that benefit to improving investment within the Asian giant. The Chinese government wants promote the growth of foreign investment, improve those investments, and attract new foreign investments. Obviously, all of this is done with an interest in "Steal" investment from other countries, and everything seems that nobody can compete with the Asian giant.

Apple seems to be delighted with the Chinese government's interest in them, to such an extent that They came to withdraw applications such as Skype or VPN's from the App Store at the request of the Chinese government. One more example of the power of the Asian giant. When you can make movements of this type, such as allowing a company to stop paying taxes in the end, it all leads to a benefit for the country itself. A long-term benefit obviously.


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