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
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

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
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
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