Changes in VAT will benefit some companies but hurt others: Experts It has been quite a busy month for Su Chenhui, financial manager at LabCorp Clinical Trials, but more challenges seem to lie in the months ahead. A series of policy measures adopted by Chinese authorities seems to have had little positive effect on the world's second largest economy, which expanded at its slowest pace in three years in the second quarter at 7.6 percent. However, tax reform is likely to give a shot in the arm to industries because it will lead to a reduction in tax bills of more than 100 billion yuan ($16.7 billion) once expanded nationwide, experts say. [Photo/China Daily] To prepare his company for the...
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