日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Lower taxes to aid economic growth

Updated: 2011-12-14 07:15

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.

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: 国产精品久久影院 | 亚洲1区 | 天天干天天干天天操 | 男人天堂视频网 | 欧美在线专区 | 国产激情综合 | 深夜成人福利视频 | 欧美黄色片免费看 | 超碰在线视屏 | 久久久久亚洲精品国产 | 五月天色婷婷丁香 | 日韩欧美小说 | 一级免费黄色录像 | 青青草在线免费视频 | xxxx77hd国产| 九九在线精品视频 | 人人干在线 | 日韩在线视频网站 | 日韩欧美中文字幕视频 | 婷婷伊人 | 丁香九月激情 | 四虎视频国产精品免费 | 日韩毛毛片| 91av手机在线 | 四虎最新免费网址 | 国产一级片在线 | 美女天天干 | 99精品小视频 | 亚洲第一色 | 日本免费黄色小视频 | 成人高清在线 | 国产精品1| 免费一级淫片 | 天天操天天干天天舔 | 奇米影视狠狠干 | 欧美在线91 | 91tv国产成人福利 | 一级免费毛片 | 麻豆成人91精品二区三区 | 日韩av色| 午夜精品一区二区三区视频 |