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Fiscal moves aid high-end development

1 China will actively provide support for key strategic tasks, says minister China will accelerate the setting up of a modern fiscal and tax system to help safeguard fiscal support for the country s major strategic tasks and improve the well-being of the people, in a bid to bolster high-quality development, Finance Minister Liu Kun said in a published article on Thursday. In an article in the Economic Daily, the minister said key measures being planned include safeguarding more expenditure for various undertakings in improving people s well-being, and optimizing the tax collection management system in the country. China s tax income-to-GDP ratio declined to 15.2 percent last year from 17.5 percent in 2016, which indicated a relatively lower level of macro tax burden compared with other countries. The general tax level should remain stable to consolidate support for economic development, he said.

MIL-OSI China: Fiscal moves aid high-end development

Source: China State Council Information Office China will accelerate the setting up of a modern fiscal and tax system to help safeguard fiscal support for the country’s major strategic tasks and improve the well-being of the people, in a bid to bolster high-quality development, Finance Minister Liu Kun said in a published article on Thursday. In an article in the Economic Daily, the minister said key measures being planned include safeguarding more expenditure for various undertakings in improving people’s well-being, and optimizing the tax collection management system in the country. China’s tax income-to-GDP ratio declined to 15.2% last year from 17.5% in 2016, which indicated a relatively lower level of macro tax burden compared with other countries. The general tax level should remain stable to consolidate support for economic development, he said.

Fiscal moves aid high-end development--China Economic Net

  China will accelerate the setting up of a modern fiscal and tax system to help safeguard fiscal support for the country s major strategic tasks and improve the well-being of the people, in a bid to bolster high-quality development, Finance Minister Liu Kun said in a published article on Thursday.   In an article in the Economic Daily, the minister said key measures being planned include safeguarding more expenditure for various undertakings in improving people s well-being, and optimizing the tax collection management system in the country.   China s tax income-to-GDP ratio declined to 15.2 percent last year from 17.5 percent in 2016, which indicated a relatively lower level of macro tax burden compared with other countries. The general tax level should remain stable to consolidate support for economic development, he said.

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