Wang Xiangwei
Wang Xiangwei
Opinion

SCMP Columnist

China Briefing by Wang Xiangwei

Why it’s time for China to cut its 45 per cent income tax rate

  • The top bracket, payable on monthly income over 80,000 yuan, or US$12,000, hinders efforts to expand the tax base, boost investment and attract global talent
  • Shenzhen, Hainan and Beijing appear to have realised this. Perhaps it’s time the central government did too

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