Seagate paid US$225 million in taxes to Chinese authorities in early 2015 and was required to pay an “additional” 400 million yuan annually.Photo: AFP

Seagate’s move to close factory in China adds to fears of suffocating tax regime

Decision by disk drive manufacturer reportedly comes after months long battle with local officials over whether it should pay more in levies

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Seagate paid US$225 million in taxes to Chinese authorities in early 2015 and was required to pay an “additional” 400 million yuan annually.Photo: AFP
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