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Huawei denies that China has given 75,000 million in fiscal aid



Huawei It is again the center of the controversy. The technological colossus has denied receiving fiscal aid worth $ 75 billion from its country of origin, China. Through a statement, the company has assured that it receives the same treatment as the rest of private companies, denying the information published by 'Wall Street Journal '.

The technology company does acknowledge having requested state aid, like the rest of the companies, but points out that the amount received "represents less than 0.3% of total revenues." Specifically, in 2018, they assumed "an equivalent amount to 0.2% of annual income ", which is 1,442 million yuan (206 million dollars).

The US newspaper has pointed out that these tax exemptions range from low-cost resources, financing aids and allowing Huawei not to pay certain taxes to boost its accounts.

Huawei is one of the great Chinese ambassadors in the world and Beijing knows it. The Journal's calculation includes since the company was a poorly recognized supplier to be the giant of the technology industry that it is today, that is, that goes back 25 years ago.

The information published by the US newspaper does nothing more than justify the fears expressed by Washington in recent months. The Trump Administration came to include Huawei in its particular blacklist of companies. Currently, he has been granted a permit to continue working temporarily with US firms.

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