日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

Interest tax bill passed; special T-bond issuance approved

By Dong Zhixin (chinadaily.com.cn)
Updated: 2007-06-29 16:14


The Standing Committee of the National People's Congress hold a meeting at the Great Hall of People in Beijing June 29, 2007. [Xinhua] 

China's top legislature Friday passed proposals on authorizing the State Council to reduce or cancel tax on interest accrued from bank deposits and proposals on a massive sale of special T-bonds.

The Standing Committee of the National People's Congress voted in favor of an income tax law revision that gave the State Council the power to adjust the interest tax.

"The imposition, suspension or reduction of interest tax on bank savings, as well as specific methods thereon, are subject to the decision of the State Council," said the amended law.

Lawmakers also gave the go-ahead for the Ministry of Finance to issue 1.55 trillion yuan of special treasury bonds to finance the purchase of foreign exchange reserves for the yet-to-be-established State Forex Investment Company.

Interest tax

Special coverage:
Interest Rate Hike

Markets Watch

Red Chips Return

Related readings:
 Interest tax may be cut or suspended soon
 A duo of measures considered to stop deposit outflow
 Special bond issuance targets excess liquidity
 
Hot money inflows to be curbed

Analysts expect the State Council to initially halve the current interest tax rate to 10 percent. Should inflation continue to grow, then the cabinet could cancel the tax completely. However, there are also calls for the abolition of the tax altogether.

The tax adjustment will be the authorities' latest attempt to make the real interest rate positive and discourage the diversion of bank deposits to the stock market.

Currently, the benchmark one-year deposits carry an interest rate of 3.06 percent. However, given the 20 percent interest tax, the actual yield is just 2.45 percent.

That return is well below the inflation rate as measured by the consumer price index, which hit a two-year high of 3.4 percent after rising 3.0 percent in April and 3.3 percent in March.

If the real interest rate remains negative for a long time, it will do no good to the economy, said assistant central bank governor Yi Gang last weekend.
123  

(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 久久精品99国产精品日本 | www..com黄色 | 亚洲午夜伦理 | 色多多在线观看 | 久久激情影院 | 精品伊人久久 | 中文天堂在线观看 | 成人69视频 | 中文字幕亚洲专区 | 韩国演艺圈悲惨事件在线 | 在线永久看片免费的视频 | www.天堂在线| 久精品在线| 久久一区二区视频 | 校园春色综合网 | wwww在线观看 | 一区二区三区在线看 | 久久成人久久爱 | 狠狠躁夜夜躁人人爽视频 | 亚av在线| 激情视频一区二区 | 中文字幕av一区二区三区 | 黄色一级大片 | 久久免费精品视频 | 国产成人一区二区三区 | 丰满肥臀噗嗤啊x99av | 中文字幕高清在线 | 婷婷综合网站 | 女人十八岁毛片 | 久久精品国产一区二区 | 午夜久久久久久久久久影院 | 你懂的国产在线 | 义姐是不良妈妈在线观看 | 毛片大全免费看 | 免费黄色a | 91精品久久久久久粉嫩 | 久久中文免费视频 | 狠狠干综合网 | 日韩在线视频播放 | 黄色片视频在线观看 | av不卡一区二区三区 |