Reduced Tax Burden on Business will Benefit Foreign Firms as well as Domestic Enterprises

The overall tax burden on enterprises operating in China is lower as a result of the VAT reform fully implemented yesterday. Experts said that while many businesses in the service sectors directly benefit from it, a host of manufacturing companies are also now better off as their purchased services are now deductible……Jarkas, of Cedrus Investments added:”As China grows in power and influence with an ever expanding market, the country has become more attractive to start-ups.”

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Rani Jarkas, the Chairman of Cedrus Investments.

Rani Jarkas is a highly experienced financial services executive, with over 20 years of international banking experience. Currently, Mr. Jarkas is the Chairman of Cedrus Investments, a global boutique investment firm. Cedrus’ domain expertise is in life sciences, natural resources, energy, cleantech and nanotechnology. – Rani Jarkas