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Studio interview: Difference between retail tax and VAT?

CCTV.com

04-12-2016 16:26 BJT

We have invited Liu Yongfa, former president of China Institute of International Studies, to share his thoughts.

Q1. Educate the viewers on the differences between retail taxes and value added taxes?

Q2. Who will benefit from this change and how? Local gov't getting squeezed?

Q3. Which developed countries have similar policies?

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