Consumption tax may be put on more luxury items

    (Xinhua)
    Updated: 2006-11-15 13:31

    The Chinese government is considering expanding the list of luxury items subject to a special "consumption tax", says Wang Li, deputy director of the State Administration of Taxation (SAT).

    Wang told the first annual forum on China's fiscal reform here that tax reform should progress with personal income tax, property tax and consumption tax to be adjusted tp strengthen the role of taxation in reducing poverty.

    Related readings:
    40% of Chinese want more luxury tax 
    China revises consumption tax

    Tax slapped on wooden chopsticks

    He did not disclose the exact timetable for the adjustment of consumption tax on more luxury items.

    A recent survey by the Horizon Research Consultancy Group showed that 40 percent of Chinese believe consumption taxes should be imposed on more luxury items such as jewelry and VIP club memberships.

    Professor Tang Gongliang, of China's elite Central University of Finance and Economics, said periodic adjustments of the list of luxury items subject to consumption tax were necessary to keep it up to date.

    "With people's living standards increasing quickly, some items which were once luxuries have become common and are no longer regarded as luxury items," he said.

    The government imposed a consumption tax on disposable wooden chopsticks, wooden floor panels, yachts, luxury watches and oil based products on April 1.

    Tang said consumption tax played a big role in the regulation of income distribution and the adjustment of consumption trends.

    "Luxury items are not easily defined. For instance, some luxury electronic products such as sound equipment are not taxed as luxury items because they are so quickly updated and may become common goods very quickly," said Tang.

    Official statistics show consumption tax revenue amounted to 142.85 billion yuan (17.86 billion U.S. dollars), five percent of the total tax revenue.



    Related Stories  
    Top China News  
    Today's Top News  
    Most Commented/Read Stories in 48 Hours
    国产精品无码av在线播放| 中文字幕AV影片在线手机播放| 国产亚洲情侣一区二区无码AV| 在线中文字幕一区| 久久无码一区二区三区少妇 | 最近中文2019字幕第二页| 国产AV无码专区亚洲AV毛网站| 中文字幕乱码人妻综合二区三区| 久久久无码精品午夜| 亚洲真人无码永久在线| 一本大道香蕉中文在线高清| 亚洲av无码国产精品色在线看不卡 | 国产办公室秘书无码精品99 | 无码人妻黑人中文字幕| 欧美无乱码久久久免费午夜一区二区三区中文字幕| 无码国产色欲XXXX视频| 精品欧洲av无码一区二区14| 中文字幕在线观看亚洲| 中文字幕专区高清在线观看| 国产高清无码二区| 国内精品人妻无码久久久影院| 精品多人p群无码| 特级做A爰片毛片免费看无码| 精品亚洲欧美中文字幕在线看| 中文字幕专区高清在线观看 | 久久久久久综合一区中文字幕| 无码精品蜜桃一区二区三区WW| 成人无码区免费A∨直播| 久久无码人妻一区二区三区午夜| 中文字幕无码乱人伦| 免费无码又爽又刺激一高潮| 一本一道色欲综合网中文字幕| 亚洲欧美日韩中文字幕一区二区三区| 国产中文字幕在线视频| 中文字幕在线一区二区在线| 中文在线√天堂| 亚洲欧洲中文日韩av乱码| 久久久噜噜噜久久中文福利| 中文字幕日韩一区二区三区不卡| 天堂8а√中文在线官网| 区三区激情福利综合中文字幕在线一区亚洲视频1 |