A total of 1.61 trillion yuan in taxes have been trimmed since the start of the overhaul, which started on a trial basis in Shanghai in 2012. Photo: Reuters

China pledges to improve tax regime for business

Beijing improves value-added tax (VAT) overhaul, its most ambitious tax reform in more than two decades

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A total of 1.61 trillion yuan in taxes have been trimmed since the start of the overhaul, which started on a trial basis in Shanghai in 2012. Photo: Reuters
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