The unification of corporate tax would cost 100 billion yuan of tax revenue to China
The Chinese Finance Minister Jin Renqing said Friday that if the Chinese parliament approved the single tax for companies with domestic or foreign financing, the government’s annual income would fall by about 100 billion yuan (12.5 billion dollars ).
Given that tax revenues have increased dramatically over the last two years, the unified tax of 25% for companies with domestic and foreign finance should create a healthy environment for companies, said Jin.
“Our goal is to improve businesses to improve the overall economy,” Jin said at a press conference on the sidelines of the annual session of National People’s Congress (NPC, Parliament) of China.
Tax revenue from China grew 24% while the growth rate was 10.7% in 2006. Since 1994, tax revenue has experienced steady growth and reached 3.93 billion yuan (500 billion dollars) in 2006.
“Tax revenues grew much faster than gross domestic product since the sound economic development and improved business performance during the previous decade,” continued Mr. Jin, adding that part of the increase depended the greater efficiency of taxation.
公司税的统一将耗资1000亿的税收，以中国人民币
的中国财政部部长金人庆今天说，如果中国国会批准了与国内或外国金融公司单一税，政府每年的收入减少约1,000亿日元（合12.5亿美元）。
由于税收增加，过去两年来显着，有25％为国内和国外金融公司的统一税率应为企业创造一个健康的环境，金人庆说。
“我们的目标是提高企业整体经济改善，”金人庆说，在代表全国人大年度会议期间（全国人民代表大会新闻发布会上，议会）中国。
从中国税收收入增长24％，而增长率为10.7％，2006年。自1994年以来，税收收入稳步增长，达到39.300亿元（500亿美元，2006年）。
“税收收入增长，因为经济发展良好，在过去十年中提高经营业绩远远快于国内生产总值，”金先生继续补充说，增加的部分取决于税收的效率。10.03.07
Tags: Economie, billion, jin, tax, yuan