The need for tax cuts

0 CommentsPrint E-mail China Daily, March 9, 2010
Adjust font size:

The report that the Ministry of Human Resources and Social Security and the Ministry of Finance are examining the possibility of raising the personal income tax baseline won't impress consumers all that much.

Compared with the central government's sense of urgency to boost domestic spending, the slow response of tax authorities to growing public calls for income tax cuts seems inadequate if not insensitive.

There have always been calls to raise the tax baseline, which was most recently raised to 2,000 yuan a month two years ago.

In absence of a regular adjustment mechanism to reflect changing income and price levels, the current personal income tax baseline can no longer serve its original goal of taxing mainly the very rich while exempting most taxpayers. The steady income growth fueled by recent economic growth should have expanded the base for personal income tax considerably.

But the current problem is more about how quickly the tax policies will be properly reformed.

At a time when China is shifting away from its dependence on investments and exports, tax authorities should not collect more taxes from domestic consumers, as tax incentives for income-earners will be needed more than ever.

A substantial hike of the baseline for personal income tax will never come too early if consumer spending is to help fuel China's growth.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 亚洲av最新在线观看网址| 午夜无码A级毛片免费视频| 69堂国产成人精品视频不卡| 婷婷社区五月天| 久久99精品久久久久久国产| 日韩精品无码一本二本三本| 亚洲女初尝黑人巨高清| 热99re久久免费视精品频软件| 午夜福利一区二区三区在线观看 | 中文字幕不卡在线观看| 日韩国产成人资源精品视频| 亚洲午夜在线一区| 欧美精品一二三| 亚洲综合久久1区2区3区| 男男高h粗暴黄车文| 啊好深好硬快点用力别停免费视频| 韩国三级日本三级香港三级黄| 国产成年无码久久久久毛片| 夜夜爽免费视频| 欧美videos另类极品| 亚洲男人第一av网站| 男人扒开添女人下部免费视频| 午夜激情福利视频| 老司机福利深夜亚洲入口| 国产亚洲视频在线播放大全| 99久久国产综合精品swag| 女教师合集乱500篇小说| 一级特黄aaa大片在线观看| 无码人妻丰满熟妇区毛片| 亚洲午夜精品久久久久久浪潮 | 亚洲а∨天堂久久精品| 欧美国产成人精品一区二区三区| 亚洲最大的视频网站| 欧美高清69hd| 亚洲码欧美码一区二区三区| 波多野结衣痴汉| 亚洲精品综合久久中文字幕| 色依依视频视频在线观看| 国产乱码精品一区二区三区中文| 4408私人影院| 国产麻豆剧果冻传媒星空在线看|