Page 6 - Fiscal Sciences News Today

Local levies, direct taxes to improve public services, redistribute wealth

Industrial firms H1 profits up 67% By Cheng Yu | China Daily | Updated: 2021-07-28 08:59 Share CLOSE A technician works on the production line of an aluminum product manufacturer in Qinhuangdao, Hebei province. [CAO JIANXIONG/FOR CHINA DAILY] First-half revenues of Chinas major industrial companies saw a steady recovery, yielding almost 67 percent year-on-year surge in their combined profit, but private enterprises and smaller firms sti...

China’s Likely Bid for Tax Exemption Poses Risk to Global Accord Bloomberg 2 hrs ago (Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Rich nations are bracing for China to seek exemptions from a global minimum corporate tax, a potential stumbling block for governments racing to reach wider international consensus on the plan next month. Some officials see China as not easily signing on to the global minimum tax rate of at l...

Central region growth is focus of new guideline By ZHANG YUE | China Daily | Updated: 2021-04-23 09:09 Share CLOSE Six provinces have made tremendous efforts to facilitate national economic upgrading work The recently released guideline on boosting high-quality development in Central China is expected to better facilitate industrial upgrading, attract more talented individuals and unleash their full potential in the new economy, experts and...

China is expected to continue its tax and fee cuts this year as part of the ongoing efforts to provide more support for small businesses, stabilize employment and spur innovation, a leading public finance expert said.

Policymakers suggest continuation of steps to keep costs at bay, control risks

China: Fiscal deficit ratio pruning likely in 2021 Policymakers are considering the possibility of moderately bringing down the fiscal deficit ratio and reducing the local government special bond quota in 2021, to further consolidate the sustainability of fiscal measures and bolster economic activity, experts said. Sustainable support from fiscal measures, especially to increase government-led investment, will hinge largely on the effective budget performance, which will concentrate funds in im...

Fiscal deficit ratio pruning likely in 2021 By CHEN JIA | China Daily | Updated: 2020-12-22 09:14 Share CLOSE An employee of Linan Rural Commercial Bank counts banknotes at the banks branch in Xitianmu area in Hangzhou, capital of Zhejiang province, on Feb 25. [Photo by Hu Jianhuan For China Daily] Policymakers plan reductions in local government special bond quotas Policymakers are considering the possibility of moderately bringing dow...

Policymakers plan reductions in local government special bond quotas Policymakers are considering the possibility of moderately bringing down the fiscal deficit ratio and reducing the local government special bond quota in 2021, to further consolidate the sustainability of fiscal measures and bolster economic activity, experts said. Sustainable support from fiscal measures, especially to increase government-led investment, will hinge largely on the effective budget performance, which will conce...