The tax cuts for individuals will.......>

CHINA PRESS: The tax cuts for individuals will bring about a direct increase in

disposable income, thereby boosting consumption, and is expected to play a

strong role in driving economic growth, said the Securities Daily on Thursday.

- The as yet finalised tax deduction plan looks to deduct the cost of child

education, medical care on severe illness, elderly care, mortgage and rent, is

expected to fully cut the tax burn for taxpayers with a monthly salary of around

CNY10,000 yuan, the Daily said;

- However, more supporting measures are required to truly stimulate consumption,

such as increasing financial support and reducing import tariffs on consumer

goods, the newspaper said.

(Link to the story: https://bit.ly/2D7c6n0)