Official calls for reforms to help ease tax burden

0 Comment(s)Print E-mail China Daily, March 7, 2012
Adjust font size:

The government should adopt more effective budget controls and further reduce taxes to ease the country's tax burden and bring more stability to its surging fiscal revenues, experts and entrepreneurs say.

"Although the tax burden in China is not high compared with what it is in developed countries, that doesn't mean we are without problems," Jia Kang, a member of the Chinese People's Political Consultative Conference National Committee and director of the Ministry of Finance's fiscal science research center, said on Saturday.

The country has often brought in more taxes than expected because its collection goal has been set a bit higher than what is needed to cover its planned expenditures, Jia said.

Jia's words came ahead of the release of a budget report on Monday. The document showed that the revenue the country collected in 2011 came in at 544.6 billion yuan ($86.3 billion) in excess of what was called for by a goal set at the beginning of last year.

The data also came out at about the same time that China Entrepreneur magazine reported that more than 60 percent of 100 companies it polled at the beginning of 2012 complained that they were shouldering heavy tax burdens.

Among manufacturers, which tend to have relatively low profit margins, one in five companies said their profits have been eaten up by tax payments, according to the survey.

Even in service industries, which tend to have higher profits, 57 percent of the companies polled said tax payments have taken up more than half of their profits.

Last year, the government raised the minimum income to which the income tax will be applied, reformed the value-added tax - which is charged on goods sold in China - and adopted other reforms. Even so, nine out of 10 of the companies surveyed said the measures did not go far enough and said they were expecting to see further reforms.

When delivering the Government Work Report on Monday, Premier Wen Jiabao reiterated that the country's 2012 economic plans place an emphasis on reform.

"We will continue testing out changes to the value-added tax, eliminating administrative surchargesimproving consumption taxes and deepening the reform of the resources tax," Wen said.

Jia said the amount of tax revenue China collects has been increasing more quickly in recent years, becoming equivalent to more than 20 percent of the country's GDP. The increase has been the result of the low tax rates that were imposed when China's economy began to open up.

"The current goal would be to make the growth stable and avoid a further rapid increase," Jia said.

He also said authorities could supplement the country's budget by making more use of the bond market and thus reducing the government's dependence on taxes.

Jia's words were echoed by another CPPCC member, Li Jiange, chairman of the financial services company China International Capital Corp Ltd, who called for the adoption of amendments that would strictly limit the government's authority to collect taxes.

Li suggested that an annual "prescribed target for fiscal revenue growth" be set for local governments, and that anything exceeding the target be looked at as a "deviation from the budget" rather than "good work by tax authorities".

"If we could bring down the growth rate for fiscal revenue to within 10 percent this year, we would save businesses and residents at least 1 trillion yuan," Li said.

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 日本边添边摸边做边爱的网站| 波多野结衣妻奴| 国产在线a不卡免费视频| 2022欧美高清中文字幕在线看| 女大学生的沙龙室| 另类ts人妖一区二区三区| 高级秘密俱乐部的娇妻| 女女女女BBBBBB毛片在线| 中文字幕精品亚洲无线码二区| 欧美视频在线观看网站| 国产一级生活片| 2021国产精品露脸在线| 天堂mv在线看中文字幕| 一本大道香蕉大vr在线吗视频| 无限看片在线版免费视频大全| 亚洲欧洲精品一区二区三区| 男人插女人视频软件| 国产免费av片在线播放| 91自产拍在线观看精品| 女人18**毛片一级毛片| 一级做一级爱a做片性视频视频| 无码中文字幕色专区| 久久九色综合九色99伊人| 日韩在线观看视频网站| 亚洲av无码专区在线厂| 欧美性猛交xxxx黑人| 亚洲精品97久久中文字幕无码| 狠狠色狠狠色综合伊人| 免费国产怡红院在线观看| 高清有码国产一区二区| 国产欧美一区二区三区观看| 色www永久免费网站| 好吊视频一区二区三区| 久久国产精品免费一区二区三区| 李宗瑞60集k8经典网| 人人人妻人人澡人人爽欧美一区| 精品人妻无码区二区三区| 双手扶在浴缸边迎合着h| 美女扒开内裤无遮挡网站| 国产99久9在线视频| 欧美成视频无需播放器|