男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

chinadaily.com.cn
left corner left corner
China Daily Website

Tax revenue too high

Updated: 2012-07-16 13:28
( China Daily)

The exceptionally high growth in fiscal revenues for the first half of this year is eye-catching, especially considering the hard times the economy is facing.

While its GDP growth rate dipped to 7.6 percent in the second quarter, the lowest in three years, China's fiscal revenues for the first two quarters, the bulk of which are from taxation, grew by 12.2 percent.

And even though the economy has slowed, there was a 21.1 percent growth in corporate business tax revenues in June, much higher than its overall tax revenue growth in the same month.

This rise reflects the fact that some local governments stepped up their tax collection in June in order to meet their budgeted target for the first half of the year.

The tax bureau of a county in Gansu province, for example, managed to collect taxes equivalent to 32 percent of its budgeted target for the first half of the year in just 20 days, according to the China Business News report.

The tax collectors concerned said they had collected the taxes without abusing their power or adding to the tax burdens of local enterprises. But the fact that China's overall tax revenues have continuously increased in the past decade despite the fluctuations in the national economy is thought provoking.

Even in 2009, when it had to mete out massive spending to combat the fallout from the 2008 global financial crisis, the country achieved a tax surplus of more than 200 billion yuan ($31.27 billion).

Although it brings in quick money for the country to combat the economic slowdown, such an increase regardless of economic conditions is dangerous in the long run.

In times of economic difficulties, enterprises fall victim to reduced demand and a stagnant market. A stable and predictable taxation system, which takes into consideration the financial difficulties of enterprises, will help them ride out the downturn.

However, despite their claim that they are abiding by the rules, local governments seem to be tightening the screw on businesses making it even harder for them to navigate the uncertainties.

As the corporate sector holds the key to stable growth and job creation, a more predictable taxation system is a must.

 
8.03K
 
...
...
...
主站蜘蛛池模板: 南阳市| 丹巴县| 商河县| 黑河市| 青河县| 丹寨县| 温泉县| 和顺县| 登封市| 靖安县| 仁怀市| 芦山县| 江华| 时尚| 定结县| 嵩明县| 荔浦县| 海门市| 北宁市| 循化| 从江县| 翼城县| 东丰县| 罗源县| 永新县| 建昌县| 竹北市| 南宁市| 新野县| 吉木萨尔县| 广东省| 牙克石市| 凤城市| 桂东县| 长春市| 平塘县| 阿拉善盟| 云浮市| 民和| 长武县| 木兰县|