ASIAdocument.write(“” + m[today.getMonth()+1]+ ” “+ today.getDate()+”, ” + theYear + ” “);HOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperChina Daily Global PDFChina Daily Global E-paperLi: Central govt to decide local share of new tax
By Hu Yongqi ( China Daily )
Updated:2016-04-13 08:31:13
Comments Print Mail Large Medium SmallThe central government will determine a reasonable share of revenue for local governments from the value-added tax, which will replace the business tax nationwide next month, Premier Li Keqiang said on Monday.Li was speaking to heads of government of 20 provinces, municipalities and autonomous regions at a meeting while soliciting opinions on how to divide the expanded VAT.The expansion of the VAT will encourage businesses to invest effectively in equipment and technological upgrading, the premier said, because the tax is levied on the difference between revenue and cost.0Hot WordsPing-pong Olympic Champion in dispute with club over unpaid bonusesWant to divorce? Its a long line in Guangdong Beijings Chaoyang district: World’s fifth largest intelligence agencyDoubts over heroes authenticity grow with widening Internet access新型亚洲安全观(xin xing ya zhou an quan guan)China and JapanBaby princeFerry disasterBig BeijingMalaysian flightPhotoSame-sex marriage case lostBeijing Hutongs revived in watercolorsTop 10 Chinese cities with biggest surge in home prices18 dead in Guangdong construction site collapseSea of apricot flowers draws tourists to Pamir PlateauArtistic designs on umbrellas brighten up rainy daysChinaBusinessRegionalWorldSportsSame-sex marriage case lostStay on top of new normal with kung fuFormer convicts coming in from the coldTeam offers new hope for transplant patientsSubway assault in Paris stirs criticismStudents face canceled visas after sting in USProsecutors to target overseas illicit assetsBeijings tobacco control efforts now bearing fruitStrong tremors felt in Tibet after Myanmar quakeProsecutors stepping up graft fightChina to tighten rules on baby formulaChinese scientists succeed in micro-g 3D printing testInternet platforms jump on the Go bandwagonJeep to unveil locally made RenegadeChinese ODI in US to maintain record growth, says reportChinas corporate debt risks rising but manageable: IMFChina central bank pumps more funds into financial systemIntel intensifies its China focus on 3-D cameraChina new business registrations continue to riseChinas business jet sector to see further growthChina to further cut social security burden on individuals, enterprisesAirplane makers lure customers with China-themed interiorsCGN arm seeks more uranium resources globallyAlibabas trade assurance program boosts B2B dealsSee the Wuxi the marathoners seeDeepening ASEAN cooperation, building a pivot cityChengdu: Truly the Land of AbundanceGansu film takes home award at world film festivalInternet Plus strategy helps Zhanjiang tea spread far and wideStudents get their points across at Shanghai Intl Debate OpenContest buzzing with unique submissions at global eventHospital extracts medical science from Dunhuang manuscriptsGuangzhou SpecialGovt compounds transformed into parksChengdu accelerates pace of innovationSinotruks global strategy leads to major export growthHeat waves to hit Thailand during Songkran festivalTourists flow to NW Mexico to see gray whalesPeter Liang sentencing postponedQuake damages two pagodas in Myanmar, no reports of casualtiesChina awarded at London book eventNo explosives found after security alarm at Amsterdam airportROK rejects return of 13 defectors to DPRKHeat waves to hit Thailand during Songkran festivalBrazils lower house ready to start impeachment driveTourists flow to NW Mexico to see gray whalesSouth Korea kicks off general election for 300 lawmakersSeville celebrates April FairVintage Pacquiao exits in styleFIFA ethics judge Damiani resigns while under suspicionThunder roars during Kobes last road gamePenguins pack playoff punchRio 2016 chief: There will be no complacencyTotti and I should be protected, like pandas: FedererWhere theres a Willett, theres awayRetired NFL star Will Smith shot dead in New OrleansVintage Pacquiao exits in stylePolitical crisis will not harm Rio Olympics: RousseffChinese shooting team in Rio to warm up for OlympicsDraw ceremony of 2nd ITF Junior Masters held in SichuanTodays Top NewsEconomy stabilizes in the first quarter as slowdown haltsGovt to crack down on illegal cultivation of GM cropsThank you Kobe, say Chinese fans in countdown to retirementWorld Bank joins AIIB on financing of joint projectsObsession with beauty raises market price of app to $3bChina helps drive global movie earnings to recordVideoWhen Families Lose Their Only ChildMost PopularSpecialExcitement, charm and grace: Chinese New Year in UK14th SCO PMs meeting in ZhengzhouColumnsRaymond ZhouOp RanaBerlin FangZhu YuanHuang XiangyangChen Weihua…| About China Daily | Advertise on Site | Contact Us | Job Offer | Expat Employment |Copyright 1995 -var oTime = new Date();
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