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    Tax for olive-shaped society

    China Daily | Updated: 2016-10-25 07:44

    The State Council, China's Cabinet, is planning to further lighten the tax burden on low-and middle-income people and moderately increase the tax on those with high incomes as a way to better regulate the country's income distribution.

    Raising the incomes of poorer people and controlling excessive increases in the incomes of wealthy people would be a positive step toward expanding the middle-income group and promoting reasonable distribution of social wealth.

    However, the problem is what constitutes a high income.

    Tax for olive-shaped society

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