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Bigger share of taxes proposed for local govts

By Zhao Yinan | China Daily | Updated: 2012-06-28 08:15

Bigger share of taxes proposed for local govts

Cities, counties having problems meeting their fiscal responsibilities

Lawmakers have suggested distributing more tax revenues to local governments to meet increasing city construction and public welfare, a move that would reduce their heavy reliance on land sales for revenue.

Shi Xiushi, head of the National People's Congress Financial and Economic Affairs Committee, made the suggestion on behalf of the committee at the ongoing session of lawmakers.

Bigger share of taxes proposed for local govts

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