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): http://www.chinatax.gov.cn

 

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