China's tax growth in past ten years

Tax revenue is of course a major source of income for any government in the world. A great portion of it is usually allocated for manufacturing and social projects. In China, the government has been expanding its tax income over the past decade alongside the country’s economic growth.

According to the Chinese taxation office, the country secured a 21.6 percent annual growth on total tax revenue, with a 47 trillion yuan, or 7.5 trillion US Dollars, of total tax revenue between 2003 and 2011.

Last year, the Chinese government has received almost ten trillion yuan in tax income, increasing significantly from the 2 trillion back in 2003. During the ten years, the Chinese government has been restructuring the taxation scheme and upped the proportion of the income tax in the total revenue from almost 22 percent ten years ago to between 24 percent and 26 percent during 2009 to 2011.

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