After the adjustment of the cutoff point, the number of taxpayers will drop by more than a half, approximately. It will live up to our legislative principle to care for the interests of low and medium-income groups.
More Quotes from Lou Jiwei:
We learned from this hearing that people hope the cutoff point should be even higher.Lou Jiwei
We may consider implementing this special tax from next year. The companies are enjoying record profits because of the oil they extracted from the country.
Lou Jiwei
We will collect windfall-profit taxes in some monopolized sectors within two years.
Lou Jiwei
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