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

   

Finance Minister: Tax change won't hurt foreign firms

By Xu Binglan (China Daily)
Updated: 2007-03-10 13:00

Unification of corporate income tax will not have a big impact on foreign companies because the extra tax burden caused by the change will be easily offset by the profits they earn in China, Finance Minister Jin Renqing said on Friday.

Under the draft Corporate Income Tax Law, which is expected to be passed at the ongoing National People's Congress next week, domestic and foreign companies will be taxed at a unified rate of 25 percent.

The current rate for Chinese companies is 33 percent, while the rate for overseas players is between 15 and 24 percent.

However, Jin, speaking at a press conference, said the number of enterprises that will see their corporate income tax rate rise from 15 percent to 25 percent will be very limited because sectors such as the high-tech industry and small, low-profit companies will still enjoy preferential rates.

The rate for high-tech companies will remain at 15 percent and that for small, low-profit firms will be 20 percent.

Jin said the law, if passed, will come into effect on January 1, 2008.

He said because foreign companies will be given a five-year phase-in period, their burden will increase gradually.

After the five-year period, foreign companies are expected to pay 43 billion yuan ($5.5 billion) more in corporate income tax than they do now, he said.

Funding education

Jin said the country will substantially increase public spending on education to make it affordable to poor students.

"The government is most willing to foot the bill for education," he said.

China will spend 220 billion yuan ($28 billion) to ensure children in rural areas can receive nine years of free education. Government funds for the same purpose will rise to 300 billion yuan ($39 billion) in 2010.

He said the government will also significantly expand financial aid programs for vocational training and college students.

The government will also resume its policy of full tuition scholarship and stipends for key teacher-training universities from this year. The policy was suspended at many universities in recent years.

Financial issues in the education sector have emerged as a major social problem for the country in recent years.

Families feel a mounting burden to support students while some cash-strapped universities borrowed heavily from banks.

Fuel tax

Jin also offered his thoughts on the long-anticipated fuel tax, which was first proposed about a decade ago.

He said the first major policy goal of the fuel tax should be to replace the road-use fee.

He admitted a fuel tax could also encourage energy conservation and help environmental protection, but it could also increase the financial burden on citizens.

"China's fuel tax should primarily solve the problem of the road-use fee. The design should ensure the tax should not increase the burden on society," he said.

He said he hoped the tax would be introduced soon, but the timing will depend on whether conditions are right.

(China Daily 03/10/2007 page3)



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 亚洲精品国产福利一区二区三区 | 国产高清精品毛片基地 | 欧美一级特黄特色大片 | 国产一级视频免费 | 免费看欧美一级特黄a大片一 | 免费午夜扒丝袜www在线看 | 成人做爰全过程免费看网站 | 中文字幕一二三区乱码老 | 欧美成人精品久久精品 | 国产成人精品综合在线观看 | 成人国产亚洲欧美成人综合网 | 久久精品无遮挡一级毛片 | 国产中文字幕视频在线观看 | 免费的a级毛片 | 欧美色视频日本片高清在线观看 | 91精品国产91久久久久青草 | 九九视频只有精品六 | 仑乱高清在线一级播放 | 成人首页 | 欧美视频一区二区在线观看 | 成人久久精品一区二区三区 | 怡红院免费全部视频在线 | 成人18免费 | 久青草免费视频手机在线观看 | 色视频网站大全免费 | 黄色a一片| 精品视频 九九九 | 偷拍自拍视频在线 | 99精品国产成人一区二区在线 | 黄a视频 | 日本精品久久久久中文字幕 1 | 黄色三级在线 | 国产欧美日韩精品第二区 | 亚洲视频国产视频 | 一本久道久久综合婷婷五 | 美国毛片毛片全部免费 | 国产精品久久久久影院 | 日本欧美一区二区三区不卡视频 | 色播亚洲| 久综合| 蜜桃日本一道无卡不码高清 |