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16 Feb
00:00

Chinas iron ore tax reform put on hold

China’s mining companies have been clamoring for a reform of their heavy and complex tax burdens for some time. Beijing has promised reforms but iron ore has not been targeted as a priority, meaning there is no imminent respite for domestic ore producers already operating at a loss, Kallanish notes. The Ministry of Industry and Information Technology’s (MIIT) raw materials division published a report last week suggesting that it would start refor…
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