国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

More tax reforms on agenda: Minister

By Wei Tian (China Daily) Updated: 2014-03-07 08:17

More tax reforms on agenda: Minister

China's macro tax burden as measured by the public revenue-to-GDP ratio was 22.7 percent in 2013. Many are expecting that the promised tax reforms may ease the tax pressure, but they might be disappointed.

Yang Zhiyong, head of fiscal science research at the Chinese Academy of Social Sciences, said the impact of such things as VAT reform on companies will differ according to the company.

"The aim of VAT reform is not to increase the overall tax burden," Yang said.

As for consumption tax, Jia Kang, head of the Institute for Fiscal Science Research under the Ministry of Finance, said the reform aims to boost revenue for local governments and encourage local officials to think more about stimulating consumption than attracting investment.

More tax reforms on agenda: Minister

More tax reforms on agenda: Minister

 
Reforming the resources tax, Jia said, will involve assessing resources such as coal on a value base rather than volume base, which may raise the amount of taxation.

At the press conference, Lou ruled out the possibility of raising the threshold for personal income tax. It now stands at 3,500 yuan ($570) a month, but he said there will be a comprehensive plan for tax deductions taking into account family living expenses.

Lou also hinted that certain flawed tax policies, such as the 20 percent income tax levied on a family's property sales, which has driven up the number of divorce cases for the purpose of tax avoidance, should be modified or canceled.

Regarding overall economic growth goals set for this year, Lou called for a more comprehensive understanding of the target instead of just fixating on the 7.5 percent figure.

The premier announced on Wednesday that the country will target an unchanged 7.5 percent GDP growth for 2014, while vowing to keep inflation at around 3.5 percent and create 10 million more urban jobs to ensure the registered urban unemployment rate does not rise above 4.6 percent.

Noting that the report used "around" for those targets, Lou said a 7.3 percent or 7.2 percent growth rate can still be considered within that range.

GDP growth, inflation and employment all are key factors that should be taken into account when assessing economic conditions, Lou said.

"Whether the final reading is a touch more or less than the 7.5 percent target is not that important. Employment is the key," he added.

Xinhua contributed to this story.

More tax reforms on agenda: Minister

Top 10 figures in 2014 govt work report 

More tax reforms on agenda: Minister

Experts: GDP growth target reasonable 

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
南投县| 南平市| 高州市| 麻栗坡县| 安宁市| 内黄县| 磐安县| 南皮县| 正宁县| 江陵县| 克山县| 工布江达县| 泽州县| 盐亭县| 扬州市| 略阳县| 安阳市| 平安县| 萍乡市| 神木县| 湘乡市| 娱乐| 广水市| 锡林浩特市| 大安市| 从江县| 饶河县| 怀集县| 屏东县| 舞钢市| 都匀市| 襄汾县| 宁都县| 康定县| 竹北市| 繁昌县| 沅江市| 西吉县| 大城县| 肇东市| 淄博市|