Tax data shows that in the first 11 months of this year, private enterprises have received a total of 1 trillion yuan in new tax reductions, fee cuts, and tax refunds, accounting for 71.3%; enjoying the two key tax incentives supporting Technology innovation, namely the additional deduction for R&D expenses and the VAT offset for advanced manufacturing enterprises, which reduced taxes by 699.1 billion yuan, accounting for 71.2%; enjoying a tax refund amount of 269.1 billion yuan, accounting for 70.4%. (Economic Daily)