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China Daily | Updated: 2011-07-05 07:53

Income tax draft is welcome

Comment on "China raises income tax threshold to 3,500 yuan" (China Daily, June 30)

After heated discussions and acceptance of public opinion, China's top legislature has revised the draft amendment to individual income tax law. The amendment has raised the individual income tax threshold from 2,000 ($307.7) to 3,500 yuan ($538.5) a month, which is 500 yuan more than that proposed in the original draft issued a few months ago.

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