YiDaTong is one of many businesses owned by Alibaba founder Jack Ma © PA Images
YiDaTong is one of many businesses owned by Alibaba founder Jack Ma © PA Images

Higher prices fear as China overhauls export tax policy

7 February 2018

A change in Chinese tax policy has forced the country’s leading provider of export tax rebate services, YiDaTong, to shut down, causing knock-on effects for importers in western countries.

YiDaTong allowed suppliers exporting their products to claim tax rebates in a cost efficient way, but the policy shake-up has made the platform liable in the event of tax fraud on the part of a supplier.

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