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

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

Local govts' fiscal revenue growth slows

By Zheng Yangpeng | China Daily | Updated: 2013-08-08 06:38

A total of 12 tax items are imposed on the development, sale and holding sector of the real estate industry. They include land value-added tax, deed tax, business tax and corporate income tax. Various other fees are also imposed on the property sector.

However, these do not include land transfer fees, a major component of government funds, which are not calculated as part of the public finance budget. In Guangdong for example, land transfer fees in the first half of the year totaled 117.5 billion yuan - more than a third of the province's public finances.

Nationwide, land transfer fees in 306 Chinese cities surged 60 percent to 1.13 trillion yuan in the first half of the year, according to 5i5j.com, a national housing brokerage. These fees are not shown in the current fiscal report.

"Excessive reliance on real estate income created conflicts of interest when it came to property curbing policies. They shaped the investment-led economic growth model pursued by local governments," said Feng Qiaobin, a finance professor with the Chinese Academy of Governance.

While local revenue growth slowed, expenditure increased significantly because local governments are required by the central government to increase their input into healthcare, education, agriculture and other sectors.

"Although fiscal revenue in the second half of the year is expected to grow steadily, the gap between revenue and spending is likely to widen, which puts mounting pressure on local governments," said Bai.

From Aug 1, VAT replaced business tax in nine industries across the region. This reform is expected to reduce by 120 billion yuan the tax paid by enterprises this year.

Some experts expressed fears local governments might increase fee collections to increase fiscal revenue. Tax and fees are two components of government fiscal revenue.

"Historically, every time tax revenues slow down, non-tax revenues surge. I am worried about whether the tax break for enterprises would be translated into the fees collected by local governments," said Li Weiguang, a professor of government finance at Tianjin University of Finance & Economics.

Previous 1 2 Next

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 五月天丁香久久 | a视频在线观看免费 | 性色一区二区 | 91热在线| 欧美精品18 | 国产福利在线播放 | 日批视频在线播放 | 丁香婷婷综合激情五月色 | 天天操国产 | 视频一区中文字幕 | 日韩在线二区 | 成人精品一区二区三区中文字幕 | 中文字幕日本在线 | 成人午夜影院在线观看 | 香蕉网在线视频 | 色视频免费在线观看 | 一级特黄aa大片欧美 | 可以看毛片的网站 | 久久国产在线视频 | 超碰97久久 | 老牛影视av一区二区在线观看 | 婷婷丁香久久 | 午夜影视av| 国产粉嫩av | 一级片国产 | 依依成人综合网 | 男女黄色一级片 | 日本裸体网站 | 人人av在线 | 亚洲自拍色 | 福利视频午夜 | 男女视频一区二区 | 成人区视频 | 中文字幕一区二区视频 | 欧美日韩伊人 | 国产精品a久久久久 | 久久机热这里只有精品 | 国产三级a | 香蕉视频911 | 欧美性猛交乱大交3 | 四虎成人在线观看 |