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SOCIETY
Weekly Watch> WEEKLY WATCH NO. 51, 2010> SOCIETY
UPDATED: December 17, 2010 NO. 51 DECEMBER 23, 2010
Tax Concern
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Taxpayers have voiced hope taxes will be reduced on vehicles and boats as China's top legislature discontinued soliciting opinions for the draft law on vehicle and boat taxation.

The Legislative Affairs Commission of the Standing Committee of the National People's Congress said 97,295 comments, along with 40 letters, had been received as of November 30, after the draft law opened to public comments a month ago.

About 37 percent of the comments are in favor of the draft law, and some 55 percent hope the law will reduce taxes.

Some people voiced their concerns the draft law might result in price hikes and heavier burdens for auto and boat owners.

Others suggested tax reductions be broadened to vehicles with 2.0-liter engine capacities. The current draft law reduces taxes for vehicles of only 1.0 liter or lower engine capacities, which only covers a small number of vehicles.



 
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