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           Language Tips > Business news
          Updated: 2005-09-28 11:19

          Most want income tax threshold to be raised 

          在昨日舉行的個稅扣除標準聽證會上,表態的25位聽證陳述人中,只有8位對1500元扣除額表示贊同,超過70%的代表提出應提高至1600元、2000元甚至3000元。 這些投"反對票"的甚至還包括了地方財稅部門負責人。個人所得稅到底要如何征收才能既維護大多數人的利益又不損失國家的財政收入呢?

           

          Most want income tax threshold to be raised

          They debated, they differed and dug deep for a solution to avexingissue: How can personal income tax be levied to benefit as many as possible while at the same time ensuring State finances do not suffer too much?

          The two main concerns were: what should be the income threshold to pay taxes and whether there should be a unified tax rate across the country?

          While no conclusion was meant to be reached at the country's first-everlegislative hearingon the hot-button issue held yesterday in Beijing, it is clear that people's views are actively being sought on a matter of national concern.

          Whatever the eventual outcome, foreigners - who pay income tax only if their monthly income exceeds 4,000 yuan (US$493) - would not be affected, said a senior taxation official.

          But many foreign businessmen and enterprises are likely to be keenly watching developments as most of their employees are Chinese and changes would have abearingon their income levels.

          Last month, the National People's Congress (NPC), the top legislature,deliberatedbut was divided on a draft amendment to the LawonPersonal Income Tax, which proposed raising the threshold at which income tax is levied from 800 yuan (US$99) to 1,500 yuan (US$185) per month.

          A public hearing was then called tosolicit opinionfrom various circles.

          (China Daily)

           

          Vocabulary:
           

          vexing: extremely annoying or displeasing(惱人的)

          legislative hearing: (立法聽證會)

          bearing: relevant relationship or interconnection(影響)

          deliberate on: (審議)

          solicit opinion: (征集意見)


           

           
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