China Financial Daily

August 13, 2009

Expert advice to relax the annual revenue target: companies can not sacrifice the interests of the current

Filed under: Financial News — Tags: — lily @ 11:17 am -0700

Expert advice to relax the annual revenue target: companies can not sacrifice the interests of the current
August 12 the Ministry of Finance released the latest data show that in July, the country’s financial revenues for the third consecutive month of positive growth.

In July, the National 669.591 billion yuan of fiscal revenue, the same month last year increased 62.239 billion yuan, an increase of 10.2%. Among them, the central level 375.244 billion yuan revenue, an increase of 12.1%; local level 294.347 billion yuan revenue, an increase of 8%.

However, the cumulative January-July revenue is still negative, the fiscal and taxation departments to bring tremendous pressure.

Economic rebound pushed up revenue

Of fiscal revenue to make a positive contribution to growth in revenue is mainly reflected in: a total of the first seven months, domestic consumption grew 69.8 percent tax (excluding income tax reform of refined oil real growth factors of 10.8%), 63.1 percent higher than the first six months of growth; sales tax grew 8.2 percent, 6.4 percent higher than the first six months of growth; personal income grew 1.6 percent, and the first six months of a tax increase of 0.7 percent year-on-year.

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