Finance minister vows fiscal taxation reforms
Updated: 2012-11-22 17:30
(Xinhua)
|
|||||||||
BEIJING - Finance Minister Xie Xuren on Wednesday vowed to speed up fiscal and taxation reforms through moves like promoting property tax reforms.
The target is to build a multi-type, multi-link and multi-layer taxation system based on circular tax and income tax, as well as property tax, environmental resources tax and others, Xie said in a signed article.
Taxation should function better to optimize economic structures and transform development patterns through specific measures such as expanding value-added tax and reducing business tax, Xie said.
Meanwhile, taxation should serve to adjust income distribution, especially with the help of promoting personal income tax reforms, Xie said.
Xie stressed efforts to upgrade local taxation systems to add local governments' income and to streamline distribution relations between governments at different levels.
- China taxation reforms to boost industrial upgrading
- Taxation authorities asked to crack down on fraud
- China sees sharp rise in non-taxation income
- More proactive fiscal and taxation policies needed
- High-tech developmental zone preferential taxation policy
- Heavy taxation harms Chinese airlines' growth
- Relief reaches isolated village
- Rainfall poses new threats to quake-hit region
- Funerals begin for Boston bombing victims
- Quake takeaway from China's Air Force
- Obama celebrates young inventors at science fair
- Earth Day marked around the world
- Volunteer team helping students find sense of normalcy
- Ethnic groups quick to join rescue efforts
Most Viewed
Editor's Picks
Supplies pour into isolated villages |
All-out efforts to save lives |
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
Today's Top News
Health new priority for quake zone
Xi meets US top military officer
Japan's boats driven out of Diaoyu
China mulls online shopping legislation
Bird flu death toll rises to 22
Putin appoints new ambassador to China
Japanese ships blocked from Diaoyu Islands
Inspired by Guan, more Chinese pick up golf
US Weekly
Beyond Yao
|
Money power |