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Business / Policy Watch

China looks to law revision to ensure statutory taxation

(Xinhua) Updated: 2015-03-08 15:04

BEIJING - Statutory taxation was underlined by a draft revision to China's Legislation Law, to be reviewed at the ongoing national legislative session Sunday.

The bill makes clear that a tax can only be levied or canceled through the law and the basic system of taxation can only be decided by the law.

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