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Ministry of Finance data released in July , the first half of this year, total revenue reached 4.334979 trillion yuan , up 27.6%. Experts estimate that annual revenue is still expected to exceed 8 trillion yuan . By then, China will become world's second largest financial income economies. People's Daily today published on the level of tax burden , points out that China's macro tax burden lower than the industrialized and developing countries . In recent years, China's tax reform and tax policy changes , people can personally feel the tax burden on businesses and residents gradually decreased . Low level of China's macro tax burden Financial income , tax revenue accounts for about 90%. Faster revenue growth , led to some concerns : revenue increased so much , is not too much state income tax , the burden on businesses and residents too heavy ? Jia Kang, director of the Institute of Fiscal Science, said that full consideration of the level of revenue the most important indicator of the burden , not the absolute number of revenue , but the country's macro tax burden . Tax burden is the proportion of GDP, government revenue , on the whole , China's macro tax burden lower than the industrialized and developing countries . IMF publication " Government Finance Statistics Yearbook "( 2008) all have data for 2007 of 53 countries, tax burden was calculated. From 2007 to 2009 , China's macro tax burden was 24% , 24.7% and 25.4% , not far below the average level of 45.3% in industrialized countries , but also lower than the 35.5% average for developing countries . Judging from the available financial resources , China can be used to co-ordinate arrangements for public revenue is significantly lower proportion of total GDP . China 2007 GDP, the proportion of public revenue 19.3 % 19.5% 2008 2009 20.1 %, significantly lower than the overseas average. Per capita targets, China's per capita fiscal gap between revenue and more than foreign . 2009 China's per capita income of 5130 yuan of public finance , at current exchange rate is only 751 U.S. dollars , much lower than the United States , Japan, Germany , France, Italy, Britain and other major developed countries, the level of more than 13,000 U.S. dollars . Tax relief is tax reform the main tone In recent years, China's tax reform and tax policy changes , people can personally feel the tax burden on businesses and residents gradually decreased . Deputy Director of Finance and Trade Economics of CASS , said the Aim of " tax cut "is the tax reform and policy changes in recent years, the main tone of the country in addition to appropriate expansion of the scope of consumption tax adjustment of individual mineral resource tax policy, basically Do not put more taxes . Drive revenue growth faster economic growth Efforts to implement the tax cuts so much , why revenue growth will be so fast? the first half of fiscal revenue growing faster than GDP growth, why? In this regard, the Ministry of Finance of the responsible person , in the first half revenue growth faster because it is relatively rapid economic growth to revenue growth . Over the first half of the scale of industrial added value up 17.6 %, urban fixed asset investment rose 25.5% , general trade increased 56.6% , 47.7% growth in vehicle sales , 1- April sales surge 55.4% of commercial housing , directly contributing to the business tax , Imports value-added tax , consumption tax , vehicle purchase tax, customs and faster growth . In addition , by the financial crisis, last year's first half revenue fell 2.4% , a low base , also contributed to the first half of this year compared with last year's substantial growth over the same period a factor . If the first half of this year revenue compared with the same period in 2008 , an increase of only 24.5% , converted to a two-year average annual growth rate of 11.6 %, with GDP growth of roughly the same . Forbes said that China's tax burden is the world's second By the end of 2009 , the famous American magazine " Forbes " released in 2009 suffered from the global tax burden ranking , followed by France , after mainland China , ranking second in the world .
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