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China-Fiscal Policies
Beijing, China - Jan 11, 2019 (CCTV - No access Chinese mainland)
1. Sign reading Ministry of Finance of the People's Republic of China
FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
2. Various of people dealing tax-related issues in taxpayer service hall
Beijing, China - Jan 11, 2019 (CCTV - No access Chinese mainland)
3. SOUNDBITE (Chinese) Liu Kun, Chinese Finance Minister (partially overlaid with shots 4-5):
"When formulating a plan of tax reduction measures, we will first consider its inclusiveness. The tax reduction policies benefiting small and micro businesses this time involve 17.98 million enterprises, a number accounting for more than 95 percent of the total number of tax-paying enterprises in China. Among which, 98 percent are private enterprises; that is to say, most of the Chinese enterprises can benefit from the policies."
++SHOTS OVERLAYING SOUNDBITE++
4. Reporter
5. Liu talking to reporter
++SHOTS OVERLAYING SOUNDBITE++
6. Various of sign of Chinese Finance Ministry
7. Liu talking to reporter
8. SOUNDBITE (Chinese) Liu Kun, Chinese Finance Minister (starting with shot 7/partially overlaid with shots 9-10):
"The scale of China's tax and fees reduction last year reached 1.3 trillion yuan, accounting for a higher proportion of the GDP than any other country in the world. This year's new tax and fee reduction will be even greater so as to further reduce the burdens on enterprises, stimulate the vitality of micro enterprises, and promote economic growth."
++SHOTS OVERLAYING SOUNDBITE++
9. Liu talking
10. Reporter
++SHOTS OVERLAYING SOUNDBITE++
FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
11. Various of people working in office
Beijing, China - Jan 11, 2019 (CCTV - No access Chinese mainland)
12. SOUNDBITE (Chinese) Liu Kun, Chinese Finance Minister (partially overlaid with shots 13-14):
"The government should observe the principle of frugality and strictly control the expenditures on official overseas travels, vehicles and hospitality. General expenditure should be down by more than five percent compared with that of last year. Government shall allow no fund in some unreasonable and extravagant expenditures."
++SHOTS OVERLAYING SOUNDBITE++
13. Reporter
14. Liu talking
++SHOTS OVERLAYING SOUNDBITE++
FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
15. Various of people handling tax-related issues in taxpayer service hall
China has decided to roll out a new set of preferential tax cuts for small and micro businesses, which is expected to reduce the annual burdens of small and micro businesses by about 200 billion yuan, according to the Chinese Finance Minister on Friday.
In order to implement a large-scale tax cut and fee reduction in 2019, Liu Kun, Chinese Finance Minister, said that the inclusiveness of the policies is of top priority when formulating the tax reduction plan.
"The tax reduction policies benefiting small and micro businesses this time involve 17.98 million enterprises, a number accounting for more than 95 percent of the total number of tax-paying enterprises in China. Among which, 98 percent are private enterprises; that is to say, most of the Chinese enterprises can benefit from the policies," said Liu.
Next, China will deepen the value-added tax reform, continue to promote substantive tax reduction, make further research on and formulate a comprehensive plan to reduce social insurance rates which is highly concerned by the society, and further reduce the burdens of corporate social insurance contributions.
"The scale of China's tax and fees reduction last year reached 1.3 trillion yuan, accounting for a higher proportion of the GDP than any other country in the world. This year's new tax and fee reduction will be even greater so as to further reduce the burdens on enterprises, stimulate the vitality of micro enterprises, and promote economic growth," said Liu.
Liu said the capital input into the three critical battles against potential risk, poverty and pollution, as well as into science and technology innovation, supply-side structural reform, agriculture, rural areas and rural people's livelihood will be significantly increased.
"The government should observe the principle of frugality and strictly control the expenditures on official overseas travels, vehicles and hospitality. General expenditure should be down by more than five percent compared with that of last year. Government shall allow no fund in some unreasonable and extravagant expenditures," said Liu.
China-Fiscal Policies
Dateline : Jan 11, 2019/File
Location : Various,China
Duration : 1'58
Beijing, China - Jan 11, 2019 (CCTV - No access Chinese mainland)
1. Sign reading Ministry of Finance of the People's Republic of China
FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
2. Various of people dealing tax-related issues in taxpayer service hall
Beijing, China - Jan 11, 2019 (CCTV - No access Chinese mainland)
3. SOUNDBITE (Chinese) Liu Kun, Chinese Finance Minister (partially overlaid with shots 4-5):
"When formulating a plan of tax reduction measures, we will first consider its inclusiveness. The tax reduction policies benefiting small and micro businesses this time involve 17.98 million enterprises, a number accounting for more than 95 percent of the total number of tax-paying enterprises in China. Among which, 98 percent are private enterprises; that is to say, most of the Chinese enterprises can benefit from the policies."
++SHOTS OVERLAYING SOUNDBITE++
4. Reporter
5. Liu talking to reporter
++SHOTS OVERLAYING SOUNDBITE++
6. Various of sign of Chinese Finance Ministry
7. Liu talking to reporter
8. SOUNDBITE (Chinese) Liu Kun, Chinese Finance Minister (starting with shot 7/partially overlaid with shots 9-10):
"The scale of China's tax and fees reduction last year reached 1.3 trillion yuan, accounting for a higher proportion of the GDP than any other country in the world. This year's new tax and fee reduction will be even greater so as to further reduce the burdens on enterprises, stimulate the vitality of micro enterprises, and promote economic growth."
++SHOTS OVERLAYING SOUNDBITE++
9. Liu talking
10. Reporter
++SHOTS OVERLAYING SOUNDBITE++
FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
11. Various of people working in office
Beijing, China - Jan 11, 2019 (CCTV - No access Chinese mainland)
12. SOUNDBITE (Chinese) Liu Kun, Chinese Finance Minister (partially overlaid with shots 13-14):
"The government should observe the principle of frugality and strictly control the expenditures on official overseas travels, vehicles and hospitality. General expenditure should be down by more than five percent compared with that of last year. Government shall allow no fund in some unreasonable and extravagant expenditures."
++SHOTS OVERLAYING SOUNDBITE++
13. Reporter
14. Liu talking
++SHOTS OVERLAYING SOUNDBITE++
FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
15. Various of people handling tax-related issues in taxpayer service hall
China has decided to roll out a new set of preferential tax cuts for small and micro businesses, which is expected to reduce the annual burdens of small and micro businesses by about 200 billion yuan, according to the Chinese Finance Minister on Friday.
In order to implement a large-scale tax cut and fee reduction in 2019, Liu Kun, Chinese Finance Minister, said that the inclusiveness of the policies is of top priority when formulating the tax reduction plan.
"The tax reduction policies benefiting small and micro businesses this time involve 17.98 million enterprises, a number accounting for more than 95 percent of the total number of tax-paying enterprises in China. Among which, 98 percent are private enterprises; that is to say, most of the Chinese enterprises can benefit from the policies," said Liu.
Next, China will deepen the value-added tax reform, continue to promote substantive tax reduction, make further research on and formulate a comprehensive plan to reduce social insurance rates which is highly concerned by the society, and further reduce the burdens of corporate social insurance contributions.
"The scale of China's tax and fees reduction last year reached 1.3 trillion yuan, accounting for a higher proportion of the GDP than any other country in the world. This year's new tax and fee reduction will be even greater so as to further reduce the burdens on enterprises, stimulate the vitality of micro enterprises, and promote economic growth," said Liu.
Liu said the capital input into the three critical battles against potential risk, poverty and pollution, as well as into science and technology innovation, supply-side structural reform, agriculture, rural areas and rural people's livelihood will be significantly increased.
"The government should observe the principle of frugality and strictly control the expenditures on official overseas travels, vehicles and hospitality. General expenditure should be down by more than five percent compared with that of last year. Government shall allow no fund in some unreasonable and extravagant expenditures," said Liu.
ID : 8100391
Published : 2019-01-11 22:21
Last Modified : 2019-01-13 11:03:00
Source : China Central Television (CCTV)
Restrictions : No access Chinese mainland
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