Report shows income tax problems
By Zhan Lisheng (China Daily)
Updated: 2006-07-06 08:39 Yang added that insufficient awareness of tax payment among big earners is
also a reason for non-payment.
Well-off people in the province showed
differing attitudes to the issue.
Cheng Haiping, partner of a law firm in
Guangzhou, said that it is necessary to pay taxes as required.
"As a law
practitioner, I have no excuse for not abiding by tax laws. Taxes are very
important for the development of our nation."
However, Cheng complained
that the present individual income tax rate is too high, saying it has bitten
heavily into his monthly income. He did not disclose the exact figure.
A
board member of a Guangzhou real estate company, who spoke on condition of
anonymity, said that the rich would be more willing to pay taxes if the
government did not abuse public revenues and made greater efforts to improve
social welfare.
"Even if I paid my taxes generously, would the government
help my kid finish expensive higher education or pay for my medical bills if I
went bankrupt one day?"
Fortunately for the provincial coffers, not everyone
held this point of view.
According to the taxation bureau's report, two
persons paid more than 10 million yuan (US$1.25 million) each in income tax last
year.
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