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China announces new tax exemption, encourages companies like Apple to continue investment

<div class="feat-image">(https://9to5mac.files.wordpress.com/2016/11/apple-china-store-pudong.jpg?quality=82&strip=all&w=1000)</div><p>China has today shared that it will be offering a temporary tax exemption for foreign companies. This news comes a week after the US tax overhaul passed through Congress (https://9to5mac.com/2017/12/21/us-tax-bill-apple/).</p>
<p>The New York Times (https://www.nytimes.com/2017/12/28/business/tax-bill-china.html?rref=collection%2Fsectioncollection%2Ftechnology&amp;action=click&amp;contentCollection=technology&amp;region=rank&amp;module=package&amp;version=highlights&amp;contentPlacement=1&amp;pgtype=sectionfront) reports that China announced the new tax break for foreign companies, but with limited details. The exemption will be retroactive from January 1, 2017.</p>
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