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CHINA PRESS: The Ministry of Finance is working on a larger scale of tax cuts
and on more measures to reduce fees, aiming to reduce corporate costs and
stimulate market vitality, said Yuan Haiyao, an official in the Taxation
Department under the ministry in a presser on Thursday, Securities Daily
- This is the second time this month that the ministry has reiterated its
intent to cut taxes and fees. Liu Kun, the Finance Minister, first addressed the
issue on Oct 7, aiming to make fiscal policy more proactive;
- Value-added tax has further room for downward adjustment, said Li Lifeng, an
analyst at Guojin Securities.
(Link to the story: https://tinyurl.com/y7y8wbu2)