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ECONOMY
THIS WEEK> THIS WEEK NO. 47, 2014> ECONOMY
UPDATED: November 15, 2014
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In 1994, the ratio of indirect tax in China was 75 percent, and two decades later, it now stands at roughly 60 percent. Currently the ratio of individual income tax is 6-7 percent, and is not likely to hit 15 percent in 2020. Ultimately, it is still a small tax.


 
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