China's companies are less than happy...>

CHINA PRESS: China's companies are less than happy with the recent tax cuts put

in place by the Chinese government, as due to different ways of measuring them,

they find the CNY1.3 trillion cut not as attractive as it appears, China

Business News said Monday, citing Liu Shangxi, dean of the Chinese Academy of

Fiscal Science.

- Due to the tax collection department's lack of capacity and taxpayers' failure

to comply with tax laws, there remains a gap between what tax business should

pay and what it actually pays, the report said citing Liu.

- Hu Yijian, professor at Shanghai University of Finance and Economics suggests

that the government should focus on substantial tax cuts, rather than lowering

the nominal rate, the report added.

(Link to the story: https://bit.ly/2U8nOmI)