国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

Chinese economists urge tax reductions

(Xinhua) Updated: 2015-11-23 15:08

BEIJING -- Chinese economists are calling for the government to cut taxes for enterprises and reduce their lending costs, deepening supply-side structural reforms.

Hundreds of billions of yuan of taxes could be saved in targeted areas next year through various favorable tax policies, experts have predicted.

China has been adjusting its tax policies to encourage small businesses and the service sector. Value-added tax reforms, begun in 2012 to eliminate double taxation for service businesses, have saved firms in sectors including transportation and telecoms 480 billion yuan ($75.16 billion). Favorable policies also cut the tax bill of small businesses by 48.6 billion yuan in the first half of this year.

"Those are still relatively small numbers if you consider the 20-trillion-yuan fiscal revenue," said Teng Tai, head of Winbro Economic Research Institute.

China's tax-to-GDP ratio, a country's tax revenue as a percentage of its gross domestic product, reached 37 percent in 2014, almost 10 percent more than the average for developing countries.

With the ratio so high, the government should cut income tax for both corporations and individuals to encourage investment and consumption, Teng said.

While reducing corporate taxes may benefit profitable companies, the policy will have a limited impact on struggling ones, which care more about cash flow, said Liu Shangxi, head of the research institute for fiscal science under the Ministry of Finance.

Tax reduction should therefore still be mainly achieved by value-added tax reform, said Liu.

Hot Topics

Editor's Picks
...
宕昌县| 潞西市| 伊春市| 安仁县| 新昌县| 樟树市| 视频| 前郭尔| 延川县| 紫金县| 邓州市| 丰台区| 扶沟县| 体育| 龙川县| 古交市| 湖南省| 金平| 来凤县| 康乐县| 青浦区| 卓尼县| 磴口县| 蓝山县| 高陵县| 铁力市| 正安县| 中宁县| 宿松县| 郑州市| 名山县| 商南县| 固原市| 温州市| 湘乡市| 贵州省| 班玛县| 阿坝| 诸暨市| 肇州县| 漠河县|