TITLE

Projects given boost

AUTHOR(S)
Kovac, Matt
PUB. DATE
January 2007
SOURCE
ICIS Chemical Business;1/15/2007, Vol. 2 Issue 49, p15
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the advantage of China's plan to reduce corporate income tax rate to infrastructure projects. Such goal could help boost marginal projects that were previously economically unviable. The country's top companies, such as PetroChina, Sinopec and China National Offshore Oil Corp., could see post-tax net profits boosted by about 10%, which would create incentives to move forward with other projects.
ACCESSION #
23854099

 

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