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The Significance of Regional Tax Incentives in Creating Economic Profit Zones: A Case Study of Khorgos, Xinjiang, China
- 1 Nanjing Audit University Jinshen College
* Author to whom correspondence should be addressed.
Abstract
The government may use tax incentives to attract companies to register in an economically unbalanced region to boost the local economy and create an economic profit zone. Regional tax incentives can reduce costs and increase profitability, thus creating an economic profit zone. This paper examines the significance of regional tax incentives in creating economic profit zones by using Khorgos of Xinjiang, China as an example. The study concludes that the significance of regional tax incentives in creating economic profit zones lies in balancing and regulating the regional imbalance of development from within the country itself.
Keywords
regional tax incentives, profit zone, Khorgos, Xinjiang Province, preferential policies, enterprise
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Cite this article
Tang,J. (2023). The Significance of Regional Tax Incentives in Creating Economic Profit Zones: A Case Study of Khorgos, Xinjiang, China. Advances in Economics, Management and Political Sciences,19,28-33.
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Volume title: Proceedings of the 2023 International Conference on Management Research and Economic Development
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