State-owned Enterprises Pay Five Times More Tax than Private Firms
Published:
2010-08-05
China's state-owned enterprises paid a collective total of 5.4 trillion yuan in tax to the central government from 2002 to 2009, which works out as an average tax rate of 27.3% as measured in terms of the ratio of tax to total sales revenue (before tax). This is five times the percentage paid by the average private firm according to figures from a report released by the State-owned Asset Supervision and Administration Commission.
Source
The Beijing News
Google Translation
Source
The Beijing News
Google Translation
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