China’s expat tax reform could see more than a third of American firms leave Shanghai, AmCham says

Summary:
[unable to retrieve full-text content]More than a third of multinational firms in Shanghai are considering moving all or part of their operation out of China or to another Chinese city when tax exemptions on allowances for foreign employees expire next year, a survey released by a US business lobby group on Thursday showed.At the end of 2018, Beijing said tax breaks for expat allowances, including those available for language training, housing, and children’s education would be phased out at the beginning of 2022 after a three-year…

Topics:
Sidney Leng considers the following as important:

This could be interesting, too:

Tyler Durden writes The Plutocrats Of Wall Street And Silicon Valley Are Scamming America

Tyler Durden writes Taco Bell Opens “Digital-Only” Location In Times Square That Serves Alcohol 

Tyler Durden writes Black Lives Matter Activist Charged With Anti-Asian Hate Crime

Tyler Durden writes Trader Fueled Lavish Lifestyle Running Singapore’s “Largest Ever Suspected Investment Fraud”