China's Financial And Tax Reform Documents Will Be Announced Soon.
< p style= "text-align: center" > < img border= "0" align= "center" alt= "" src= "" /uploadimages/201407/29/20140729101838_sj.JPG "/" < > > "
< p > July 26th, Jia Kang, director of the Fiscal Science Research Institute of the Ministry of finance, said that the document for supporting the reform of Finance and taxation is about to be announced. As the highlight of the 2014 year of comprehensive reform, there will be a series of policies for fiscal and tax reform in the second half of this year. < /p >
Prior to "P", Jia Kang once said in public that the specific contents of the tax reform include: promoting a series of budget management reforms, improving transparency and achieving the integrity of the full bore budget. < /p >
< p > at the end of June, the decision makers adopted the overall plan of deepening the < a href= "http://www.91se91.com > > fiscal taxation /a > system reform. It is clear that the new round of fiscal and taxation system reform will basically accomplish the key tasks and tasks in 2016, and basically establish a modern financial system in 2020. The plan also puts forward three major reform tasks: "improving the budget management system", "optimizing the tax structure", and "adjusting the financial relationship between the central and local governments". < /p >
Since the beginning of the "P", as the vanguard of fiscal reform, the "camp to increase" has been expanding, and the railway transportation, postal industry and telecommunications industry have been included in the pilot area. < /p >
< p > last year, property tax has always been the focus and focus of fiscal reform. The China Securities Journal quoted Jia Kang as saying, < /p >
< p > China's move towards modern society and the establishment of a modern tax system requires the introduction of property tax and the regulation of housing preservation as well as international practice. In addition, in the foreseeable historical stage, the tax adjustment in China's housing sector can not simply copy the general mode of levy in the United States, but must emphasize only regulating the high-end. < /p >
The expression of the Third Plenary Session of the P is to accelerate the legislation of real estate tax, and the legislation is in advance. Before the legislation is completed, it is estimated that there will be no follow up on the pilot of the property tax in the two places. Now we can further observe how the legislation is launched. < /p >
< p > for the housing tax and environmental tax that caused market concern, Jia Kang had predicted that there would be no substantive action in the two taxes during the year. This year, mainly because of the environmental tax legislation, and property tax is first legislation, and has not yet been included in the NPC's legislative work plan. < /p >
< p > Jia Kang also said that the new matching plan is expected to make the deployment of < a href= "http://www.91se91.com/news/index_s.asp" > consumption tax < /a > as an important item, making it one of the main sources of local income. < /p >
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