Crack Down on Baijiu Tax Evasion

By Bandao Dushi Bao
Published: 2009-07-31
As the deficit begins to grow, signs that the central government is paying more attention to government revenue are beginning to show. Not content with the recent hike in alcohol and cigarette taxes, they're also cracking down on a form of tax evasion that has long existed in the alcohol industry. The State Taxation Administration has adopted a regulation that will prevent baijiu producers from selling products to their subsidiaries at an excessively low price in order to minimize tax.

Bandao Dushi Bao
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