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CHINA'S TAX REVENUE INCREASES AS PROFITS GROW.
Publication: AsiaPulse News Publication Date: 28-FEB-07 |
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COPYRIGHT 2007 Asia Pulse Pty Ltd
BEIJING, Feb 28 Asia Pulse - China's macro tax burden has increased steadily in 2006, with tax revenue accounting for 18 per cent of the country's GDP in the year, 1.1 percentage points higher than in 2005.
Statistics of the General Administration of Customs (GAC) show that China's tax revenue (excluding tariff, farmland use tax and contract tax, and undeducted export rebates) reached 3.7636 trillion yuan in 2006, a year-on-year increase of 21.9 per...
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