Income tax law amendament gets warm response

13:45, April 28, 2011      

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China's National People's Congress Standing Committee, the top legislature,said on Wednesday that it received more than 100,000 opinion pieces from the public on how to revise the country's law on levying personal income taxes.

More suggestions are expected to throng to the country's top law-makers, as it set the deadline for online write-ins on May 31.

The State Council, China's cabinet, submitted an amendament of the Personal Income Tax Law to the lawmakers in early April. The committee's decision to publicize the draft law and solicit opinions from the masses has been warmly regarded, leading to heated discussions and debates in the cyberspace.

Incompele statistics show a majority of the online readers deem the new levy shreshold of 3,000 yuan - the beginning line for taxable income, proposed by the State Council, is too low. They have suggested the NPC Standing Committee raise it to 4,000 yuan or even 5,000 yuan.

Others advocated the legislature to impose higher tax rates on people earnming more than 50,000 yuan a month, as a way to shorten the income gap between Chinese wage-earners and build up a more balanced and sustainable society.

The NPC Standing Committee has thought highly of the public's vehement responses, claiming it is a verification that China's law-making process is getting more "open" and "democratic".

Whether the legislaure will take up the public's suggestions and make any substantive changes of the draft law is to be seen.

By Chen Lele, People's Daily Online
 
 
     
 
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(Editor:梁军)

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