Caofeidian gives up tax income to lure Beijing factories  

河北曹妃甸吸引北京外遷企業 企業所得稅北京繳

在河北唐山首鋼總公司里有一塊8平方公里的土地，這里未來要建設總部經濟基地，承接北京市所有外遷企業的總部，唐山曹妃甸區副區長張貴寶說，之所以能夠與北京市達成這樣一個協議，關鍵是實行了一個分稅制的辦法，讓一些困難問題迎刃而解。[查看全文]

(ECNS) – Caofeidian, a district of Hebei's Tangshan city, will give up part of its corporate income tax to lure Beijing factories to build their headquarters there, the China Broadcasting Network reports.

Caofeidian has struck a deal with Beijing to accommodate factories which will relocate their headquarters to an 800-hectare parcel of land located at the headquarters of Shougang Steel Co., Ltd.

According to China's taxation policy, corporate taxes are levied by the government according to where the company is headquartered, not where it operates. But Caofeidian is willing to give up the tax income so that Beijing will give the green light to the companies moving to the district, says Caofeidian's deputy district chief Zhang Guibao.

Zhang says it would still be beneficial to Caofeidian, as the district would see its business activities increase.

Beijing and adjacent Hebei province and Tianjin city are pushing forward an economic integration plan, shifting some of the stress away from Beijing to its less developed neighbors.