Jun
30

China eases tax burden on poor with law change (AP)

Chinese people walks on a pavement along a wall decorated with pictures of tourist spots in Beijing, China, Thursday, June 30, 2011. China's legislature has taken a step to ease the tax burden on the country's poor amid tensions over surging inflation and a wealth gap. The Standing Committee of the National People's Congress approved a measure Thursday to raise the minimum income level at which workers must pay taxes from 2,000 yuan (US$300) to 3,500 yuan (US$540) a month. (AP Photo/Andy Wong)AP - China's legislature raised the threshold for paying income tax, effectively exempting tens of millions of workers in a new effort Thursday to defuse tensions over surging inflation and a yawning wealth gap.


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