Aug 13, 2009 05:34 PM

Macroreview: Why Taxes Matter for Economic Growth

By Shen Minggao

By Shen Minggao

(.com.cn) To combat the recession, the Chinese government has decided to slash projected 2009 tax revenues by at least 500 billion yuan.

So far, the government has adjusted export tax rebate rates seven times and lowered taxes on real estate transactions, personal incomes and low-emission cars. It's also cut the securities transaction stamp tax, while raising taxes for tobacco products.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: China Celebrates Golden Week

PODCAST

Caixin Deep Dive: Why Singapore Sovereign Fund Sues Chinese EV-Maker Nio

00:00

00:00/00:00

MOST POPULAR

1: Caixin Explains: What China’s New Five-Year Plan Says About the Economy

2: Cover Story: U.S. and Chinese Chipmakers Tread Different Paths in AI Gold Rush

3: Analysis: How Tech Self-Reliance Shapes China’s New Five-Year Plan

4: Shenzhen’s Secondhand Home Sales Briefly Rebound in September After Easing of Purchase Restrictions

5: China Promotes Military Graft Buster to Top Leadership Post

SPONSORED

OR