Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
China to accelerate resource tax reform
+ -
13:30, June 17, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Related News
 China's tax revenue up 18.8% in 2008, but growth rate slides
 China issues decree ending three tax, fee regulations
 Experts: Tax reform to reduce costs of Chinese enterprises
 China to launch tax reform to boost growth in 2009
 Comment  Tell A Friend
 Print Format  Save Article
China will advance the implementation of resources tax reform as early as possible, while also improving the personal income tax system and studying the possibilities of a levy on environmental tax and property tax, Wang Jun, Vice Minister of Finance, noted on June 11.

Wang stressed that following the implementation of a stimulus package involving tax policies, signs that the Chinese economy is stabilizing and recovering have appeared. However, many uncertainties and unexpected risks still exist.

China will seize the opportunity of slowed economic growth and low resource product prices to advance the implementation of a resources tax reform as early as possible so as to improve the pricing mechanism of resource products and meet requirements for resource conservation and environmental protection.

Not only will this reform increase fiscal revenues from areas rich in resources, to a certain extent it will also contribute to the financial security of China's central and western regions.

In addition, China will also accelerate the adjustment of environment-related tax and fee systems, and study the possibility of a levy on environmental tax.

Wang said it is necessary to unify the system of urban maintenance and construction tax levied on domestic and foreign-funded enterprises as well as on individuals. The plan for real estate tax reform should be further improved, and the possibility of a levy on property tax should be studied.

Wang added that China will also study and promote the personal income tax system to combine consolidated personal income tax and classified personal income tax.

By People's Daily Online



  Your Message:   Most Commented:
India's unwise military moves
Controversy over China's first sex-theme park
China slams U.S. foreign affairs bill proposal, urges deletion
China slams Clinton's June 4 comments
13 more bodies from Air France flight 447 recovered

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90776/90882/6680442.pdf