This is misleading. Deduction reduces taxable income and does not provide tax return. E.g. if your taxable income is $1000 and you spent $100 on R&D and qualify for those 200%, $800 will be taxed.
> Although you can often take losses from a previous year to offset current income
This is true, usually for 5 years.
> So if you do a huge amount of capital investment you can offset against profits for years.
Articles 11, 12, 18, and 28 [0] say that capital investment can reduce tax based on the depreciation or amortization cost, not by carrying forward the investment as a loss.
Nothing in the Chinese tax law says that DeepSeek can receive tax returns or free handouts from the government because they do R&D.
[0] https://fgk.chinatax.gov.cn/eng/c102962/c102967/c102997/c103...
The default one is the standard deepseek: 12F, Galaxy International Building Gongshu Dist, Hangzhou 310003 Zhejiang, China
It's interesting how you assume a bad actor by default. Not really an 'innocent until proven guilty' mindset. And providing misinformation too.
> but then Jack Ma went to a gulag for a year.
He never went to a gulag, and there is no information whatsoever about the reason he was put under a 'house arrest'. If you are close to those circles maybe you want to share the details of your claims?