Government Edges toward Promised Tax Reform

(Beijing) – Top policymakers have signaled a willingness to take new and concrete steps toward reducing business taxes in China, fueling expectations for what could be long-promised tax reforms in 2016.

These expectations stem from interpretations of tax policy statements released in December at the Central Economic Work Conference, an annual policy-setting event attended by top central government and Communist Party officials, said Ji Dongsheng, deputy director of the Revenue Scientific Research Institute, a unit of the State Administration of Taxation.