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地方税

1. In addition, replacing the business tax with VAT will reduce local governments'fiscal revenue substantially.

2. Foreign multinationals enjoyed corporate tax rates half those imposed on local companies, while paying no duties on their capital goods imports.

3. The central government reportedly will share the tax with local governments, with 30% going to the latter.

4. The central and local government will arrange sufficient tax rebates for companies which sell products abroad.

5. Other fiscal measures include strengthening resource transfers from central government to local governments, and increasing local governments'share of tax revenues.

6. The sharing of income tax revenue between central and local budgets according to a fixed proportion will be carefully organized.

7. After the Chinese Government centralized national revenues, it implemented transfer payments to local governments to offset their lost tax revenues.

8. GE also received tax breaks of $ 17 million from the state and local governments to entice it to add the jobs in Louisville.

9. China published tax rules on foreign banks'local incorporation on Friday, to clarify the conditions under which the lenders can operate.

10. A complimentary tighter tax plan came into effect yesterday, putting local furniture makers under more pressure following decline in demand from export markets.