China 2006 Tax Revenues Up 22% to $480 billion

China's tax revenues surged 22% to 3.8 trillion yuan ($480 billion) in 2006, driven by strong economic growth and official efforts to increase tax collections from private industry, according to State Administration of Taxation.
  • That increase in tax revenue came on top of a 20% jump in tax revenues in 2005, the official Xinhua News Agency said. 
  • The tax boom has been driven by sizzling economic growth that was expected to top 10% in 2006 and by efforts to collect more taxes from foreign and private Chinese businesses.
  • The 2006 tax figure does not include import tariffs and taxes on land use and real estate transactions, the reports said. 

State Administration of Taxation (in Chinese):


Previous: « French Set Record with 36 million New Year Mobile Text Messages in 1 Hour

Next : » November Chip Sales Up 11.3%; Digital Camera Sales Jump 30% YoY

  ABOUT    CONTACT Metrics 2.0 RSS Feeds RSS   Metrics 2.0 Widgets for your site or blog WIDGETS   ARCHIVES

Enter Email for Daily Feed Delivery: