Government and Policy
Chinese VP stresses better use, collection of tax
(Xinhua)
Updated: 2009-12-26 05:01
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BEIJING: Chinese Vice Premier Li Keqiang has urged to improve taxation regulations to boost economic development and better ensure people's livelihood.
Taxation is a major measure to pool financial revenue and boost social and economic development, and it also plays an important role in adjusting income distribution and improving people's livelihood, Li said.
He urged better collection and use of tax to ensure livelihood of people with low income and support agriculture and the development in remote, poor areas.
To alleviate burdens on enterprises against the backdrop of the global economic crisis, China carried out the tax reduction policy this year. Tax and fee reduction nationwide totaled 550 billion yuan ($80.5 billion).
