GOVERNMENT EMPLOYEES, OFFICIALS
-- The staff scale of central and local governments will not be increased and the number of leadership positions will be reduced in the 2011-2015 period.
-- Government spending on receptions, car purchases and use as well as officials' overseas tours will be rigorously controlled.
-- Rules demanding government officials report their income, real estate assets, investment and family members' jobs will be implemented more strictly.
-- Grass-roots civil servants' salaries will be raised properly and those working in poorly developed and remote regions will have higher allowances.
TAXATION
-- The government will gradually expand experimental property taxes and strengthen taxation on second-hand property transactions.
-- Consumption taxes will be imposed on some high-end entertainment activities and luxury products.
-- Studies will be conducted on introducing inheritance taxes at an appropriate time.
-- Foreign individuals will no longer be exempt from personal income taxes on stock dividends and bonuses they obtain from foreign-funded enterprises in China.
-- Structural tax reductions will be promoted to cut the tax burden on low- and middle-income earners and small enterprises.
FINANCIAL SECTOR
-- Regulation will be strengthened to demand more listed companies pay dividends to individual investors.
-- Reforms will be advanced to make banks' interest rates more market-oriented and loan and deposit interest rates will be allowed to move in a properly wider range so as to protect the interests of savers.
Copyright ©1999-2011 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.