Tax Policies for Hi-tech Industry Development

Hi-tech industry is of great importance to the national economy though it is at a fledging stage. At present, they are at a disadvantage in competition and grow at a slow speed. Therefore, support in tax policies is of great necessity, including a sound tax law system and tax policies, reform of the current value-added taxes, enterprises taxes and individual income taxes, in order that the tax system helps develop the hi-tech industries.