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Vice Minister of Finance Liao Xiaojun said in Beijing Tuesday that
China will go all out to strengthen the collection of personal tax
among high-income earners so as to avoid tax evasion.
The relevant government departments have mapped out and submitted
policies to check the evasion of personal income tax by high-income
earners, especially individual investors, the official said at a
meeting on proposals set forth by members of the National Committee
of the Chinese People's Political Consultative Conference.
Wang Li, chief economist of the State Administration of Taxation,
said the taxation system was aimed to improve the taxation system
for high-income trades and high-income earners in a bid to beef up
the collection of personal income tax.
The work is being carried out assiduously and popularized across
the country, especially big cities, he said.
(Xinhua News Agency March 12, 2003)
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