You are here: Home » Reuters » News
Business Standard

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 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

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