local governments in china no longer share securities stamp duty revenue
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

Local governments in China no longer share securities stamp duty revenue

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Arab Today, arab today Local governments in China no longer share securities stamp duty revenue

Securities transactions
Beijing - XINHUA

Local governments in China will no longer share revenue from stamp duty on securities transactions from Jan. 1, 2016, according to a statement released by the State Council on Thursday.

Currently, 97 percent of the revenue goes to the central government with 3 percent going to local governments.

The move is to improve fiscal revenue distribution between the central and local governments, the statement said, without giving more details.

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local governments in china no longer share securities stamp duty revenue local governments in china no longer share securities stamp duty revenue

 



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local governments in china no longer share securities stamp duty revenue local governments in china no longer share securities stamp duty revenue

 



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