China 2006 Tax Revenues Up 22% to $480 billion
- 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