男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

Lower taxes to aid economic growth

Updated: 2011-12-14 10:35

By Zhao Yinan (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

BEIJING - Experts predict that the government will make structural tax cuts to shore up the world's second-largest economy in 2012, as they forecast slower growth amid weaker export demand and the threat of bad loans from stimulus spending.

Lower taxes to aid economic growth

Banks ranging from China International Capital Corp (CICC) to Goldman Sachs Group Inc to Barclays Capital have forecast that Premier Wen Jiabao will cut taxes, after fiscal revenue surged past the government's target.

Lower levies will spur consumption without the bad-debt risks triggered by a record 17.5 trillion yuan ($2.8 trillion) of lending in 2009 and 2010 that funded infrastructure projects and real-estate speculation.

"China is no longer able to rely on massive investment in infrastructure building to stimulate the economy," said Yao Wei, a Hong Kong-based economist with Societe Generale SA. "Tax cuts are unavoidable."

Chi Fulin, head of the China Institute for Reform and Development, said that a new round of fiscal and tax reform, which has gained a high degree of consensus, still requires resolve and action from the government.

The economists made their forecasts as top Chinese leaders mapped out policies for 2012 at the annual Central Economic Work Conference.

Xu Shanda, former president of the taxation authority, said further structural tax cuts, in addition to existing policies, will help boost domestic consumption.

Xu said to reach the goals of the 12th Five-Year Plan (2011-2015), the government needs to cut taxes by 300 billion to 500 billion yuan.

China has taken steps to lower personal-income and service taxes, while increasing the energy resources tax to achieve emission targets.

The personal-income tax threshold rose in September to 3,500 yuan a month from 2,000 yuan, reducing the number of taxpayers by 60 million, according to the Ministry of Finance.

Also in September, the State Council approved a change in the energy resources tax that increased revenues by broadening the incidence.

The government also raised the poverty threshold for rural residents by 81 percent, to 2,300 yuan a year, making 128 million citizens eligible for subsidies.

Jin Dongsheng, deputy director of the tax institute under the State Administration of Taxation, said the trial program of reducing levies for service industries in Shanghai will benefit not only local businesses but also set off a nationwide chain reaction.

"The trial in Shanghai and other pilot cities (for taxes), such as house duties, should be introduced nationally to restructure the tax system and slash revenues to boost purchasing power," he said.

Consumption taxes and corporate-income levies might be cut, while rates might be raised for some industries to achieve energy-conservation and emission targets, said Peng Wensheng, the chief economist at CICC.

Bloomberg News contributed to this story.

主站蜘蛛池模板: 莲花县| 东明县| 竹溪县| 兴文县| 威信县| 建湖县| 贵南县| 平南县| 芦山县| 望奎县| 格尔木市| 四川省| 常熟市| 敦煌市| 柘城县| 瑞昌市| 乳山市| 莱芜市| 弥勒县| 漳州市| 平南县| 莆田市| 滕州市| 洪洞县| 巴楚县| 达拉特旗| 南和县| 白城市| 革吉县| 阿勒泰市| 临清市| 泾源县| 肥城市| 雅江县| 合江县| 金塔县| 和平区| 德令哈市| 阜康市| 西和县| 凤冈县| 菏泽市| 得荣县| 沂源县| 曲麻莱县| 同德县| 盐山县| 高要市| 巴青县| 康保县| 鄂州市| 荔波县| 临沧市| 克东县| 菏泽市| 虎林市| 通榆县| 西安市| 北辰区| 朝阳区| 白银市| 达拉特旗| 贡山| 阳新县| 哈密市| 靖江市| 博客| 大城县| 封开县| 西城区| 长海县| 滁州市| 永清县| 丹江口市| 阿瓦提县| 永靖县| 博爱县| 克山县| 紫阳县| 乌拉特中旗| 阜宁县| 高唐县|