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China considering wide-ranging consumer tax overhaul: sources

Under the new value-added tax system, taxes in the construction and property sectors, among others, will now be applied to the value added instead of a revenue- based levy.


CHINA is considering a consumer tax overhaul, according to people familiar with the matter, the latest indication reforms are being accelerated to help speed the shift toward a more consumption-led economy.

The Finance Ministry has submitted the tax overhaul proposal to the...

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