Workers may get a tax break for cost of parent care

Wage-earners who live with their parents in Shenzhen, Guangdong province, may soon pay lower taxes to help ease the burden of elder care.

Under a five-year plan released for public opinion earlier this week by Shenzhen's civil affairs authority, the individual income tax threshold for those who live with their parents would be increased to reflect the costs of supporting their parents.

The plan also includes accelerating the development of facilities such as nursing homes and entertainment centers for the elderly and nurturing more skilled professionals in the elder care industry.