Policy Issue (August 2016)
▷Tax Revision Bill▷2016 Revision Focuses on Boosting Investment and Promoting Employment▷Background▷Despite production and consumption steadily improving, investment has yet to pick up due to sluggish exports, and the job market will likely be negatively affected by the industrial restructuring and external uncertainties, such as China’s economic slowdown and Brexit. There is still increased demand for social welfare although recovering consumption has led to an increase in tax revenues . Against this backdrop, the government drew up the 2016 tax revision bill which focuses on stimulating the economy and improving people’s livelihoods, while pursuing fair and rational taxation.* For further details, please refer to the attached file.
Aug 2016