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Tax revenue from overseas-funded firms surges in SZ
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THE tax revenue from overseas-funded companies and overseas taxpayers in Shenzhen reached 1.88 billion yuan during the first four months of this year, up 25.8 per cent on an annual basis.\;
Income tax collected from enterprises with overseas capital took the lion's share to account for 777 million yuan, according to local taxation officials.\;
The rapid growth was mainly registered in the sectors of telecommunications, real estate, transport and medicine. \;
Statistics show that more than 100 multinationals have invested in Shenzhen, which sees Hong Kong across a river, including nearly 30 of the world's top 500 companies.\;
Since the beginning of this year, overseas investment has maintained a rapid flow into the city, which actually used US$ 1.2 billion foreign capital in January-May, up 15.4 per cent from a year earlier.\;
(SD-Agencies)
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