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China needs tax cuts to relieve pressure on economy - vice premier

Reuters  |  SHANGHAI 

SHANGHAI (Reuters) - China's decision to cut company taxes and fees is an important part of fiscal policy and is a hard-hitting measure needed to cope with pressure on the economy, state media reported Vice Premier Han Zheng as saying.He made the comments on Tuesday during a visit to the State Administration of Taxation, the official People's Daily newspaper reported. Officials have pledged more aggressive reductions in 2019, after cutting about 1.3 trillion yuan ($192.82 billion) in taxes and fees last year.Some analysts expect the changes will be announced during the annual session of ...

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First Published: Tue, February 19 2019. 10:36 IST
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