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’...

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 Ken Davies
China could make much more use of taxation to support its ambitious environmental strategy. As it opens several coal-fired power stations each month, it may have to deploy much higher taxes on fossil fuels to reduce carbon emissions
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