Tangible goods have been subject to VAT for some time, but the levy on services was imposed on the value of a firm's sales. Such a crude system resulted in a tax on tax. VAT avoids this, as it is applied to the value added at each link in the production chain.
Tech companies making tablets, wearable gadgets and, of course, high-end smartphones, are increasingly turning to AMOLED, as it is physically flexible compared to traditional liquid crystal display, or LCD, panels.
Taking a look at Microsoft
Tang Ning, founder and CEO of Beijing-based CreditEase, said tremendous development opportunities await fintech firms as well as peer-to-peer or P2P lenders in the next decade despite a stricter regulatory environment.
Takeshi Minami, chief economist at the Norinchukin Research Institute, said: "The big decline can be explained by the decrease in consumption and exports.
Tang said the government will continue to offer pilot FTZs greater reform autonomy, explore how to set up and improve the authorization mechanism of pilot FTZs and support their institutional innovation efforts and dismantle institutional barriers that restrict industrial upgrade.
威海看阳痿去那家医院好
Tech firm's wealth management channel soon to offer target-date retirement funds
Tang said he introduced the police force's new management team, reported on recent developments and discussed the police cooperation between the mainland and Hong Kong when meeting with senior officials of these central authorities.
TOKYO — Japanese police say more than 40 people have been injured in an explosion at a restaurant in northern Japan.
Targeting a ninth consecutive record-breaking year, the group intends to increase upfront expenditure on R&D to an all-time high in 2018.