Huang Qifan has called for a big cut in the personal income tax rate to fight tax erosion and expand household revenue. Photo: Reuters
Huang Qifan has called for a big cut in the personal income tax rate to fight tax erosion and expand household revenue. Photo: Reuters

Time for a permanent tax break for China’s Covid-hit small businesses, former mayor says

  • Huang Qifan says tax tools could be deployed to narrow the income gap and encourage spending
  • Temporary cuts to help SMEs should be made permanent, he says

Topic |   China economy
Huang Qifan has called for a big cut in the personal income tax rate to fight tax erosion and expand household revenue. Photo: Reuters
Huang Qifan has called for a big cut in the personal income tax rate to fight tax erosion and expand household revenue. Photo: Reuters
READ FULL ARTICLE