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Posted on: Dec. 28, 2017, 3:20 p.m.
The new value-added levy, which will take effect on Jan. 1, is part of a broader shift in how companies pay tax in the world’s second-biggest economy. While there are still uncertainties around how the tariff will be implemented, what’s known about the type of activities to be taxed suggests that hedge funds may be the asset managers hit the hardest. Full investment news article