The Forbes Tax Misery and Reform Index stirs up heated discussion in China

The Forbes Tax Misery and Reform Index stirs up heated discussion in China
Sep 21, 2011 03:05
JIMMYB Points: Join Date: Feb 7, 2007 Status: offline	A survey issued by Forbes in 2009 claims that Chinese mainland ranks second after France with the harshest tax regimes in the world. This old survey has stirred up heated discussion among Chinese people. According to the People’s Daily, the Forbes Tax Misery and Reform Index didn’t reflect the real situation in China and its calculation method has some defects. It also quotes some data from the websites of Ministry of Finance, IMF and OECD and interviews an official of Chinese Academy of Sciences, concluding that China doesn’t impose heavy taxes. The netizens and scholars have different views. In September, the Minstry of Finance release the latest statistics on China’s fiscal revenue in the first eight months of 2011, which show that about 80% of revenue came from taxes, up 30.9% compared with the same period in 2010. Forbes’ chief editor is interviewed and responds to China’s tax misery. Check the report: http://www.ecns.cn/in-depth/2011/09-21/2522.shtml

Sep 21, 2011 03:05

JIMMYB
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Join Date: Feb 7, 2007
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A survey issued by Forbes in 2009 claims that Chinese mainland ranks second after France with the harshest tax regimes in the world. This old survey has stirred up heated discussion among Chinese people.

According to the People’s Daily, the Forbes Tax Misery and Reform Index didn’t reflect the real situation in China and its calculation method has some defects. It also quotes some data from the websites of Ministry of Finance, IMF and OECD and interviews an official of Chinese Academy of Sciences, concluding that China doesn’t impose heavy taxes.

The netizens and scholars have different views. In September, the Minstry of Finance release the latest statistics on China’s fiscal revenue in the first eight months of 2011, which show that about 80% of revenue came from taxes, up 30.9% compared with the same period in 2010.

Forbes’ chief editor is interviewed and responds to China’s tax misery. Check the report:
http://www.ecns.cn/in-depth/2011/09-21/2522.shtml

Sep 22, 2011 02:14	#1
GUEST6884	My concern is how the tax revenue is spent. We pay taxes, so we have the right to know where our money goes.

Sep 23, 2011 03:43	#2
BBQQ Points: Join Date: Feb 7, 2007 Status: Offline	"The netizens and scholars have different views. In September, the Minstry of Finance release the latest statistics on China’s fiscal revenue in the first eight months of 2011, which show that about 80% of revenue came from taxes, up 30.9% compared with the same period in 2010." If the data was correct, the tax burden is indeed heavy. This year, I just learned that "there is a moon cake tax."

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