Taxation in China

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China’s government is grappling with an inconvenient truth: you can’t cut taxes, boost spending and reduce the budget deficit all at the same time.

Corporate China is bracing for a big tax increase as the government steps up collection of payroll levies that fund the country’s social insurance programmes, after years of allowing smaller companies to shirk their obligations.

China’s legislature said it’s giving high priority to a property tax that would be one of the biggest moves yet to rein in a runaway market.

China’s cabinet on Thursday announced new measures to cut costs for companies as policymakers look to support growth amid an escalating trade war with the United States that threatens exporters.

China is proposing a shake up of income tax law as part of revisions to its civil code.

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