Editorial: Changes to Personal Income Tax System Must Serve Reform

The recently proposed amendments to China’s personal income tax law have triggered heated public debate. The draft amendments, which include raising the income tax threshold to 5,000 yuan ($768.60) per month from 3,500 yuan, were recently submitted to the Standing Committee of the National People’s Congress for consideration. Finance Minister Liu Kun, when introducing the … http://bit.ly/2KkYTu2

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