BIZCHINA / Top Biz News

Report shows income tax problems
By Zhan Lisheng (China Daily)
Updated: 2006-07-06 08:39

Yang added that insufficient awareness of tax payment among big earners is also a reason for non-payment.

Well-off people in the province showed differing attitudes to the issue.

Cheng Haiping, partner of a law firm in Guangzhou, said that it is necessary to pay taxes as required.

"As a law practitioner, I have no excuse for not abiding by tax laws. Taxes are very important for the development of our nation."

However, Cheng complained that the present individual income tax rate is too high, saying it has bitten heavily into his monthly income. He did not disclose the exact figure.

A board member of a Guangzhou real estate company, who spoke on condition of anonymity, said that the rich would be more willing to pay taxes if the government did not abuse public revenues and made greater efforts to improve social welfare.

"Even if I paid my taxes generously, would the government help my kid finish expensive higher education or pay for my medical bills if I went bankrupt one day?"
Fortunately for the provincial coffers, not everyone held this point of view.

According to the taxation bureau's report, two persons paid more than 10 million yuan (US$1.25 million) each in income tax last year.


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