China may deploy higher taxes on fossil fuels to reduce carbon emissions (photo: dpa)

China’s growth puts wide-ranging tax reform high on Beijing's agenda

Communist China had no individual income tax before 1980 because personal earnings were so small. Today, in an era of high economic growth, its tax system is comparable with those in developed economies. But reform is inevitable - individual income tax comprised only 5.8 per cent of total revenue in 2012. Beijing must decide how to apply taxes not only to individuals but to business, foreign investors and fossil fuels, writes GIS guest expert Ken Davies.

CHINA’s taxation system has developed rapidly in the past three and a half decades of transition from state-controlled to market economy, like the nation’...

Unlock the report
8.95 EUR
 
Secure, instant payment by credit card
 Ken Davies
When individual income tax was first introduced, it had a disproportionately heavy impact on foreign employees, such as managers of foreign-invested companies, simply because they earned so much more than locals
read more about it in the report
Who will benefit?
  • Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
  • Also considered useful for the administrative university facilities, to better understand the possibe effects of current decisions.
By clicking "I Agree" below, you acknowledge that you accept our Privacy Policy and Terms and conditions. Feel free to check out our policies anytime for more information.
I agree