China Raises Child and Parent Tax Breaks to Ease Family Burdens

China is increasing personal income tax deductions for child care, parental care and children’s education spending, the latest measures to try to address the country’s rapidly changing demographics and boost household consumption. #press

https://www.bloomberg.com/news/articles/2023-08-31/china-raises-child-and-parent-tax-breaks-to-ease-family-burdens?utm_source=press.coop

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