China’s 800m peasants to escape yoke of farm tax – Richard Spencer

From The Telegraph:

A 2,000-year-old grievance will be lifted next year when China scraps taxes for hundreds of millions of peasants, the government’s traditional source of revenue.

Reforms introduced as proof of China’s commitment to those left behind by the economic boom are so far ahead of schedule that farm taxes, which date back to before the first emperor, will be abolished early, the finance minister, Jin Renqing, said.

Local governments would be compensated for the loss of income from central funds.

December 20, 2005 4:53 PM
Posted By:
Categories: Economy