During national legislative meetings on Sunday March 8, a draft revision of China’s Legislation Law was submitted, mandating that all taxes be imposed through legislation, which taxpayers say would provide greater consistency and transparency. The existing system allows China’s cabinet, the State Council, to collect taxes based on ‘regulations’ and ‘provisional rules’.
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The sprawling legislation phases out Joe Biden-era green tax incentives for businesses; in other news, the UK will reportedly maintain its DST despite US pressure
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