Jun 25, 2024 09:45 AM

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CX Daily: China Mulls Tax System Overhaul to Ease Record Local Government Debt

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Cover Story: China mulls tax system overhaul to ease record local government debt

China’s Central Economic Work Conference in December proposed the first reforms to the country’s 30-year-old fiscal and taxation system, sparking widespread debate among academics and tax experts. The recommendations – and reactions to them – underscore the urgency for change amid current budget challenges and record local government debt.

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