From AP:
China’s tax revenues soared 22 percent in 2006, the government said Tuesday, amid surging economic growth and official efforts to increase tax collections from private industry.
Revenues in 2006 totaled 3.8 billion yuan ($480 billion [sic]), the State Administration of Taxation (国家税务局) said on its Web site.
…The tax boom has been driven by sizzling economic growth that was expected to top 10 percent in 2006 and by efforts to collect more taxes from foreign and private Chinese businesses. [Full Text]
Read related CDT post: “China’s Parliament Takes up Law to Equalize Taxes on Foreign, Domestic Companies.”
