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Thread: The Forbes Tax Misery and Reform Index stirs up heated discussion in China
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[quote=JIMMYB,443373]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 [/quote]
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