The Shanghai government granted Tesla’s Gigafactory Shanghai subsidiary a beneficial corporate income tax rate of 15% for 2019 through 2023, the carmaker said in a
- This compares with the 25% statutory corporate income tax rate in China
- Tesla had previously disclosed it is required to meet a cumulative capital expenditure target and annual tax revenue target starting
at the end of 2023 , which it believes will be attainable even if production at plant near Shanghai is lower than forecast - NOTE: Earlier, Jan. 13:
Elon Musk Loves China, and China Loves Him Back — for Now
To ...
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