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 Idiots: China offers tax rebates on solar power

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RR Phantom

RR Phantom

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Idiots: China offers tax rebates on solar power Vide
PostSubject: Idiots: China offers tax rebates on solar power   Idiots: China offers tax rebates on solar power Icon_minitimeSun Sep 29, 2013 10:36 pm
China has offered tax rebates to manufacturers of solar power products in an attempt to prop up the struggling sector and also cut pollution levels.

Idiots: China offers tax rebates on solar power _70182490_141654387

Manufacturers will be refunded 50% of the value added tax from 1 October 2013 to 31 December 2015, the state-owned Xinhua news agency has reported.

Chinese firms emerged as key players in the solar power sector in recent years.

But weak demand and trade rows have resulted in overcapacity, leaving leading firms with huge debts.

http://www.bbc.co.uk/news/business-24327405
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