China’s tax revenue up 9% in 2010

Posted by on January 27, 2010 under China Tax | Be the First to Comment

Despite a slow start to the year on the back of the global financial crisis, China’s tax revenue increased by 9% in 2010. Much of the increase was attributable to sales tax (increase of 84.7%) driven by a surge in domestic consumption. Revenue from stamp duty on shares decreased by a large 47.9%