R&D tax deductions save companies trillions

A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] More than 629,000 companies across China have benefited from a total of 3.45 trillion yuan ($489 billion) in R&D expense tax deductions last year, said the country’s top tax authority in a recent press conference.  Huang … Continue reading R&D tax deductions save companies trillions