World Business Quick Take - Taipei Times

CHINA
<strong>More tax cuts planned</strong>
Beijing is planning more tax cuts this year than last year and pledged to step up support to struggling local governments to compensate for weaker revenue, Minister of Finance Liu Kun (劉昆) said yesterday. “Transfer payments by the central government to regional governments will increase by a large margin this year,” Liu said, without providing more details. The government granted 1.1 trillion yuan (US$173 billion) in tax breaks last year, with Liu saying that the amount would rise further this year.
AIRLINES
<strong>SAS seeks new capital</strong>
SAS AB yesterday said it would launch a new transformation program and look to

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