China studies "Chairman Rudd" new development tax Xinjiang Auzzi activities from June 1 LOL

(Composite Video) - China will start the implementation of a new resource tax in the Xinjiang region of an expected June to be taken at national level later on, so the profitability of producers to feed more revenue for local governments. Under the new tax regime is the first manufacturer in north-western China with a five percent tax levy on the sales price of crude oil and natural gas and a 'tax 5.2 percent on the selling price of coal in Xinjiang. The measures are to grow more than 2 billion yuan($ US292.8 million €) for the region this year, the magazine Caijing reported ..... The report, quoting sources with the Ministry of Finance and State Taxation Administration, not mentioned, what would taxes be applied to other resources such as metals. China has said the tax changes in Xinjiang, to return more revenue to the resource rich region to the site of periodic disturbances, including the Uighur ethnic group. The new tax replaces the existing fares on the issue ..... based onCrude oil ..... ..... gas and coal. "Xinjiang has been reforming is a process, you first start in China," China Academy of Social Sciences researcher taxes Zhang Bin, as saying. "The reform program has matured." It is unclear when the tax reform would spread to other regions, the report said. The tax changes are likely to mean more taxes to pay producers based on current prices, analysts said. Companies that could be affected, as the miners Shenhua Energy, copper...

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