China's State Administration of Taxation plans to raise the minimum income-tax threshold, it will also lower taxes on small and medium-sized enterprises, the reports said, citing an anonymously sourced account in the Chinese 21st Century Business Herald newspaper.
The tax authority also plans to lower taxes on the service industry and high-tech companies, the reports said.
Out of all the lessons Obama can take from the Chi-Coms, that should be it.
In Other Business News: (It's old but new to me) Potential investment advice should Cap and Trade ever become law.
UPDATE: Linked by The Daily Gator.