More than a third of foreign companies in Shanghai say they are considering relocation due to a plan to end foreign employee tax breaks. Photo: Getty Images
China’s expat tax reform could see more than a third of American firms leave Shanghai, AmCham says
- China is ending tax exemptions on foreign employee allowances next year, a move that has sparked concern among multinationals in Shanghai
- More than a third of foreign companies based in the commercial hub say they are considering relocation, American Chamber of Commerce (AmCham) in Shanghai survey shows
Follow your favourite topic and get notified
More than a third of foreign companies in Shanghai say they are considering relocation due to a plan to end foreign employee tax breaks. Photo: Getty Images
