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International Law
: China Briefing BlogChina to Reconsider Taxes, Subsidies for Oil
By China Briefing
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Feb. 11 - China could raise the oil-price threshold for firms qualified for windfall taxes, from US$40 a barrel to US$60 along with granting more subsidies to aid the petroleum and chemical industry.
In 2008, oil firm CNPC paid a staggering RMB85 billion in windfall taxes or an estimated 62.42 percent of its profit to the [...]Full post as published by China Briefing Blog on February 10, 2009 (boomark / email).
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