China to Increase Taxation of State Owned Enterprises

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The Chinese government’s recent approval to reform the system of income distribution will affect the taxation of state-owned organizations and the business of property speculation.

Sunnyvale, CA 94085, U.S, February 26, 2013 - (PressReleasePoint) - The Chinese government’s recent approval to reform the system of income distribution will affect the taxation of state-owned organizations and the business of property speculation.

With the objective to bridge the rich and poor divide, profit contributions by state owned businesses will be raised by 5%. In addition, the taxation of the transfer of land will be increased.

The various departments i.e. the Ministry of Finance, the Ministry of Social Security and State Administration of Taxation (SAT) will work together to implement the new regulations.

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