Alibaba’s home province to offer preferential tax policies

Zhejiang province, home to e-commerce giant Alibaba Group Holding, is putting into place preferential tax policies and will promote hard tech industries such as integrated circuits and digital security in 2022, as it seeks to bolster government efforts to strengthen self-sufficiency in strategic technology sectors.The local government said it aims to ease the financial burden for enterprises and individuals by 300 billion yuan (US$47.42 billion) this year.“We will fully implement preferential…

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