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Second half 2009 a good time to reform China's resource tax
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17:30, July 20, 2009

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Jia Kang, head of the Institute of Fiscal Science at the Ministry of Finance, said that between the second half of this year and early next year is an appropriate period to unveil the new resource tax. If this is delayed and goods prices rise again, the opportunity will slip away.

Jia believed that tax increases should be combined with a transformation of the economic growth model, as well as resource saving.

Over the past few years, while the price of resources continued to rise, it would have been adding fuel to the flame to increase the resource tax. We are still waiting for a right opportunity.

By People's Daily Online

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