UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: Thaeger Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 3430  
Subject: China income tax cut to boost domesetic demand Date: 3/3/2011 10:36 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Pesky character limit in topic subjects...

http://www.bbc.co.uk/news/business-12618201

"China may allow taxpayers to keep more of their income as it tries to boost domestic demand.

The State Council has proposed to raise the minimum threshold on income tax from the current level of 2000 yuan ($304; £186) a month.

However, the State Council did not give any details of the level to which it would be increased.

The move comes at a time when Beijing is trying to boost domestic demand to match growth in its export sector.

The Standing Committee of the National People's Congress, the country's legislature, will have to approve the changes before they are implemented.

However, analysts are concerned that while more disposable income will boost demand, it is also likely to put further upward pressure on prices.

The country has been fighting rising prices, with inflation hitting 4.9% in January. "
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

2013 Feste Award Voting Begins!
Who will win the 2013 Feste Award? Vote now for the Fool that most exemplifies the Fool Community mission of Learning Together!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Tax Strategies

TMFPMarti-Feeling Good
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement