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Alibaba Warns of Higher Taxes Next Quarter

By
Wayne Ma
· · Source: Bloomberg

Alibaba has warned investors that some tax breaks will go away next year and that this will raise its effective tax rate from 10% to 20% in the September quarter, Bloomberg reported. The move comes as the Chinese government stops designating some tech companies as Key Software Enterprises amid a tightening regulatory environment. Chinese state media  said  Thursday that the online games...

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