Kai comments on the recently release data about the 22% increase of tax income in China in 2006. The increase is 12% higher than GDP. There are three possible scenarios: 1. the revenue department managed to collect tax from unpaid sectors; 2. most of the economic growth fell into the hand of the rich, and they were subject to higher tax; 3. there was a structural adjustment of the country’s economy (zh).
China: increase in tax income
· Written by Oiwan Lam
Categories: East Asia, China, Economics & Business