Special Economic Zones (SEZs) Flashcards
1
Q
What is a special economic zone
A
An area within a country that has special treatment - firms often able to producer at lower costs than firms
2
Q
What is the general aim of SEZs
A
Increase employment, investment and increase trade
3
Q
Example of SEZs
A
China
4
Q
How do companies benefit within SEZs
A
No corporation tax for 5 years and 0 tax on dividends for 5 years. 0 import duty on capital goods and specialised vehicles.
