www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

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: 欧美13一14sexvideo欧 | 男人扒开双腿女人爽视频免费 | 免费久久久久 | 国产片91人成在线观看 | 黄色美女视频免费看 | 制服丝袜在线视频香蕉 | 欧美视频精品 | 亚洲自拍另类 | 欧美一级毛片在线看视频 | 国产欧美日韩在线观看一区二区三区 | 亚洲影院在线 | 91香蕉网 | 久久久999国产精品 久久久99精品免费观看 | 美女三级毛片 | 日本亚洲国产 | 中文字幕在线永久 | 真人一级毛片免费完整视 | 91综合精品网站久久 | 67194成人手机在线 | 人成在线免费视频 | 久久视频免费观看 | 精品一区二区三区在线视频 | 久久免费视频网站 | www.亚洲天堂| 性高湖久久久久久久久 | 国产一区二区三区视频 | a毛片全部播放免费视频完整18 | 亚洲天堂成人 | 欧美精品一级毛片 | 狠狠做久久深爱婷婷97动漫 | 毛片在线不卡 | 日韩高清一区二区 | 香蕉国产人午夜视频在线 | 九九爱精品| 在线欧洲成人免费视频 | 国产亚洲午夜精品a一区二区 | 99re5久久在热线播放 | 在线观看亚洲国产 | 亚洲精品欧美精品中文字幕 | 国产精品午夜国产小视频 | 久草在线免费色站 |