China Plans Income-Tax Overhaul to Bolster ConsumptionBloomberg News
Just raising the taxable base threshold is unfair: Lou Jiwei
Wages rising faster than productivity are 'unsustainable'
China plans to revamp its income-tax system to include deductions such as mortgage interest, education expenses and the cost of raising children, said Finance Minister Lou Jiwei, as the nation seeks to maintain consumption as a major growth driver.
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