1. The central authority is proposing to initiate a networked database of personal information as a move toward collecting income tax on a household basis.
2. The central authority has continuously reduced the tax burden on small enterprises since 2008.
3. Correspondingly, the central authority will have enough reasons to cut tax.
4. central tax
4. The central government has not collected tax from Tibet for years, yet each year it invested billions of yuan in the construction and development of Tibet.
5. The central government has imposed a windfall tax on oil explorers and that has contributed to its treasury.
6. The central government reportedly will share the tax with local governments, with 30% going to the latter.
7. After the central government announced it would end a tax exemption policy on Jan 1, buyers have been rushing to take advantage of the policy.
8. The central and local government will arrange sufficient tax rebates for companies which sell products abroad.
9. If the central government adjusts the threshold of the windfall tax, the profits of oil companies will grow.
10. The new plan also guarantees that increases in central import duties will be used on export tax rebates.