皇冠体育app

Analysts and officials don't expect that foreign direct investment (FDI) in 皇冠体育app will shrink much in years to come, because the preferential tax regime is not the only boon for enterprises coveting 皇冠体育app.

Executives from major international companies in 皇冠体育app, including 3M, Pepsico International, General Motors and Johnson & Johnson refused to accept telephone interviews with 皇冠体育app Daily about the unified tax system, with many citing the same reason: "It is too sensitive a topic to say anything right now."

However, both the American Chamber of Commerce in 皇冠体育app (AmCham-皇冠体育app) and the European Union Chamber of Commerce in 皇冠体育app (European Chamber) suggested a grandfather period before the transformation, which cannot take effect until 2008.

"While we see tax system unification as an inevitable trend, AmCham-皇冠体育app cautions against implementing a tax system that fails to continue providing incentives to new and ongoing investment," James Zimmerman, chairman-elect of AmCham-皇冠体育app, told 皇冠体育app Daily.

"AmCham-皇冠体育app's recommendation is to grandfather the existing preferential treatment for foreign companies when reforming the tax systems for initial and recurring investment."

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