BEIJING: China's tax revenues are expected to surpass 4.9 trillion yuan ($668.8 billion) in 2007, up 30 per cent year on year, the country's top tax official said here Tuesday.
Addressing a national conference on taxation, Xiao Jie, Director of the State Administration of Taxation, said the figure represented one of the highest annual tax growth rates since the country adopted reforms in 1978. He attributed the robust increase to stable economic growth and a rapid increase in industrial enterprise profits.
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Addressing a national conference on taxation, Xiao Jie, Director of the State Administration of Taxation, said the figure represented one of the highest annual tax growth rates since the country adopted reforms in 1978. He attributed the robust increase to stable economic growth and a rapid increase in industrial enterprise profits.
Read More Article...
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