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皇冠体育app slashes tax on interest income

(Xinhua)
Updated: 2007-07-20 19:05

皇冠体育app's State Council announced Friday to reduce the tax on interest income from 20 to 5 percent as of August 15.

The move is to adapt to changes in 皇冠体育app's economic and social situation, the State Council, or cabinet, said in a statement.

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