国内英语资讯:China to deepen VAT reform
<p><span word="BEIJING">BEIJING</span>, <span word="Sept">Sept</span>. 28-- <span word="China">China</span> <span word="will">will</span> <span word="continue">continue</span> <span word="value">value</span>-<span word="added">added</span> <span word="tax">tax</span> (<span word="VAT">VAT</span>) <span word="reform">reform</span> <span word="to">to</span> <span word="support">support</span> <span word="economic">economic</span> <span word="development">development</span> <span word="and">and</span> <span word="restructuring">restructuring</span>, <span word="Premier">Premier</span> <span word="Li">Li</span> <span word="Keqiang">Keqiang</span> <span word="has">has</span> <span word="said">said</span>.</p><p><span word="The">The</span> <span word="country">country</span> <span word="looks">looks</span> <span word="to">to</span> <span word="push">push</span> <span word="forward">forward</span> <span word="supply">supply</span>-<span word="side">side</span> <span word="structural">structural</span> <span word="reform">reform</span>, <span word="deepen">deepen</span> <span word="reform">reform</span> <span word="and">and</span> <span word="opening">opening</span>-<span word="up">up</span>, <span word="simplify">simplify</span> <span word="administrative">administrative</span> <span word="procedures">procedures</span>, <span word="cut">cut</span> <span word="taxes">taxes</span> <span word="and">and</span> <span word="administrative">administrative</span> <span word="fees">fees</span>, <span word="and">and</span> <span word="create">create</span> <span word="a">a</span> <span word="business">business</span> <span word="environment">environment</span> <span word="that">that</span> <span word="encourages">encourages</span> <span word="innovation">innovation</span> <span word="and">and</span> <span word="entrepreneurship">entrepreneurship</span>, <span word="promotes">promotes</span> <span word="industrial">industrial</span> <span word="upgrading">upgrading</span> <span word="and">and</span> <span word="ensures">ensures</span> <span word="fair">fair</span> <span word="competition">competition</span>, <span word="Li">Li</span> <span word="said">said</span> <span word="at">at</span> <span word="a">a</span> <span word="symposium">symposium</span> <span word="he">he</span> <span word="chaired">chaired</span> <span word="Wednesday">Wednesday</span>.</p><p><span word="The">The</span> <span word="reform">reform</span> <span word="of">of</span> <span word="replacing">replacing</span> <span word="business">business</span> <span word="taxes">taxes</span> <span word="with">with</span> <span word="VAT">VAT</span> <span word="was">was</span> <span word="first">first</span> <span word="piloted">piloted</span> <span word="in">in</span> <span word="Shanghai">Shanghai</span> <span word="in">in</span> 2017. <span word="It">It</span> <span word="was">was</span> <span word="expanded">expanded</span> <span word="nationwide">nationwide</span> <span word="in">in</span> <span word="May">May</span> 2016.</p><p><span word="The">The</span> <span word="reform">reform</span> <span word="has">has</span> <span word="made">made</span> <span word="good">good</span> <span word="progress">progress</span> <span word="and">and</span> <span word="saved">saved</span> 1.7 <span word="trillion">trillion</span> <span word="yuan">yuan</span> (<span word="about">about</span> 260 <span word="billion">billion</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span>) <span word="of">of</span> <span word="taxes">taxes</span> <span word="for">for</span> <span word="business">business</span> <span word="owners">owners</span>, <span word="according">according</span> <span word="to">to</span> <span word="a">a</span> <span word="statement">statement</span> <span word="released">released</span> <span word="after">after</span> <span word="the">the</span> <span word="symposium">symposium</span>.</p><p><span word="Li">Li</span> <span word="said">said</span> <span word="the">the</span> <span word="policy">policy</span> <span word="should">should</span> <span word="be">be</span> <span word="improved">improved</span> <span word="to">to</span> <span word="ensure">ensure</span> <span word="that">that</span> <span word="tax">tax</span> <span word="burden">burden</span> <span word="on">on</span> <span word="businesses">businesses</span> <span word="is">is</span> <span word="reduced">reduced</span> <span word="across">across</span> <span word="the">the</span> <span word="board">board</span>.</p><p><span word="Financial">Financial</span> <span word="and">and</span> <span word="construction">construction</span> <span word="industries">industries</span>, <span word="as">as</span> <span word="well">well</span> <span word="as">as</span> <span word="small">small</span> <span word="businesses">businesses</span>, <span word="should">should</span> <span word="be">be</span> <span word="able">able</span> <span word="to">to</span> <span word="claim">claim</span> <span word="enough">enough</span> <span word="VAT">VAT</span> <span word="credits">credits</span>, <span word="he">he</span> <span word="noted">noted</span>.</p><p><span word="The">The</span> <span word="premier">premier</span> <span word="expected">expected</span> <span word="study">study</span> <span word="of">of</span> <span word="ways">ways</span> <span word="of">of</span> <span word="further">further</span> <span word="reducing">reducing</span> <span word="VAT">VAT</span> <span word="for">for</span> <span word="the">the</span> <span word="manufacturing">manufacturing</span> <span word="sector">sector</span> <span word="and">and</span> <span word="to">to</span> <span word="optimize">optimize</span> <span word="the">the</span> <span word="tax">tax</span> <span word="structure">structure</span>.</p><p><span word="Measures">Measures</span> <span word="should">should</span> <span word="be">be</span> <span word="taken">taken</span> <span word="to">to</span> <span word="simplify">simplify</span> <span word="tax">tax</span> <span word="collection">collection</span> <span word="and">and</span> <span word="crack">crack</span> <span word="down">down</span> <span word="on">on</span> <span word="tax">tax</span> <span word="evasion">evasion</span> <span word="and">and</span> <span word="fraud">fraud</span>, <span word="he">he</span> <span word="noted">noted</span>.</p><p><span word="Reform">Reform</span> <span word="should">should</span> <span word="match">match</span> <span word="central">central</span> <span word="and">and</span> <span word="local">local</span> <span word="governments">governments</span>' <span word="responsibilities">responsibilities</span> <span word="with">with</span> <span word="their">their</span> <span word="fiscal">fiscal</span> <span word="expenditure">expenditure</span>, <span word="while">while</span> <span word="the">the</span> <span word="local">local</span> <span word="tax">tax</span> <span word="system">system</span> <span word="should">should</span> <span word="be">be</span> <span word="improved">improved</span>, <span word="according">according</span> <span word="to">to</span> <span word="the">the</span> <span word="premier">premier</span>.</p>
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