三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

   

Personal savings tax a big burden: Survey

By Wu Jiao (China Daily)
Updated: 2007-03-20 11:28

The interest tax imposed on personal bank savings has been met by landslide public objection, a survey reveals.

The survey, conducted jointly by China Youth Daily and QQ.com, revealed that 93.7 percent of the 6,723 respondents considered the current interest tax "unreasonable".

"It is unfair to charge us once more with interest tax while we have already paid personal income tax," a survey respondent said.

A 20 percent tax on savings interest was introduced in 1999 in a bid to reduce mounting individual savings.

Seven years on, despite the tax, the Chinese "hobby" of saving shows no sign of abating as China's renminbi savings deposits reached 15.97 trillion yuan by November last year, up 15.3 percent on the previous year.

The tax has also failed to stimulate consumer spending, as ultimate consumption rate dropped the record low 51 percent last year.

Opposition to the tax is getting more vocal every year.

According to Chen Liangwen, an economic researcher with Peking University, China's high savings rate was attributed to low consumer confidence because of high employment pressures and costly education, housing and medical care.

"The interest tax levied during the past eight years has proven not to be useful in simulating consumer spending. It is time for a change," Chen said.

According to Chen, given inflation and the interest tax, the real interest rate on bank deposits was virtually negative.

Facing intense calls for abolishing the interest tax, some officials with Ministry of Finance argued last year that the total deposits of the wealthy were far greater than those of the poor, and the affluent paid more tax, for public funds.

But some economists disagree.

"The role of interest tax in coordinating the income gap is limited," Zhao Xijun, vice-dean of the Finance and Security Research Institute with Renmin University of China, said.

"Instead, a more effective tool is to increase financial input into public endeavors."

According to Tan Yaling, a researcher with the Bank of China, the rich have more investment channels, whereas the poor rely more on bank savings to make a living.

"The tax chips away at the savings of middle and low-income families, whereas those with higher wages are relatively unaffected," Tan told Beijing Youth Daily.

The government should adopt different interest tax rates for the rich and the poor, he said.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: www.妞干网 | 精品久久久久久国产 | 亚洲无线码1区 | 国产一级黄色影片 | 欧美成人a级猛男视频片 | 亚洲欧美日韩网站 | 国产精品久久毛片蜜月 | 欧美三级a做爰在线观看 | 高清免费毛片 | 国产成人精品免费视频软件 | 欧美亚洲偷图色综合91 | 国产丁香婷婷妞妞基地 | 亚洲欧美日韩国产一区二区精品 | 国产免费不卡 | 欧美成人一级片 | 黄色大片欧美 | 国产精品资源在线播放 | 成人影院欧美大片免费看 | 国产日韩视频在线观看 | 在线视频一区二区三区 | 久久香蕉影院 | 国产三级做爰在线观看视频 | a级午夜理论免费毛片 | 操日韩 | 成人午夜免费视频 | 一区二区三区无码高清视频 | 久cao在线香蕉69影院 | 制服丝袜视频在线 | 亚洲精品老司机福利在线播放 | 精品欧美激情在线看 | 天天综合色天天桴色 | 中文字幕日韩视频 | 看全大色黄大色黄大片一级爽 | 久久视热这只是精品222 | 日本欧美不卡一区二区三区在线 | 嗯!啊!使劲用力在线观看 | 精品亚洲一区二区三区在线播放 | 亚洲成人精品在线 | 午夜社区| 国产一区二区三区视频 | 天天草夜夜骑 |