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China-Li Presser/Tax Cuts
Beijing, China - March 15, 2019 (CCTV - No access Chinese mainland)
1. Chinese Premier Li Keqiang at press conference
2. Reporter asking question
3. SOUNDBITE (Chinese) Li Keqiang, Chinese Premier:
"We worked to replace business tax with value-added tax in the past several years. We have cut the taxes by one trillion yuan (or 150 billion U.S. dollars) on an average annual basis. That were three trillion yuan (or 450 billion U.S. dollars) for the past three years. This is a fairly large scale of tax reduction."
4. Reporters at press conference
5. SOUNDBITE (Chinese) Li Keqiang, Chinese Premier:
"We are determined to engaging in larger scale tax and fee cuts this year. We will make reductions in the value-added tax and localities' social insurance contributions. This will be delivering a dividend of two trillion yuan (or 300 billion U.S. dollars) to our companies."
FILE: Beijing, China - June 2017 (CCTV - No access Chinese mainland)
6. Entrance to Taxpayer Service Hall of Beijing's Xicheng District
7. Service hall
Beijing, China - March 15, 2019 (CCTV - No access Chinese mainland)
8. SOUNDBITE (Chinese) Li Keqiang, Chinese Premier:
"This is also a very crucial countermeasure against downward economic pressure."
FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
9. Various of workers, circuit board
Beijing, China - March 15, 2019 (CCTV - No access Chinese mainland)
10. SOUNDBITE (Chinese) Li Keqiang, Chinese Premier:
"This is fair and effective means, because the rules require that companies of all types of ownership will stand to benefit from tax and fee cuts. In addition, the efficiency is high since it will reach directly to all market players."
Hangzhou City, Zhejiang Province, east China - March 1, 2019 (CGTN - No access Chinese mainland)
11. Aerial shot of factory buildings
Shanghai Municipality, east China - March 5, 2019 (CGTN - No access Chinese mainland)
12. Aerial shot of cityscape
China's tax cuts for all kinds of companies help to promote market fairness and efficiency, said Chinese Premier Li Keqiang on Friday in Beijing at a press conference after the conclusion of the annual session of the 13th National People's Congress.
Li told the press that China has been cutting taxes and fees in the past years .
"We worked to replace business tax with value-added tax in the past several years. We have cut the taxes by one trillion yuan (or 150 billion U.S. dollars) on an average annual basis. That were three trillion yuan (or 450 billion U.S. dollars)for the past three years. This is a fairly large scale of tax reduction,” said Li.
The country is going to implement larger scale tax and fee cuts in 2019.
"We are determined to engaging in larger scale tax and fee cuts this year. We will make reductions in the value-added tax and localities' social insurance contributions. This will be delivering a dividend of two trillion yuan (300 billion U.S. dollars) to our companies," Li said.
He added, "This is also a very crucial countermeasure against downward economic pressure.
"This is fair and effective means, because the rules require that companies of all types of ownership will stand to benefit from tax and fee cuts. In addition, the efficiency is high since it will reach directly to all market players," said Li.
Li added the VAT cuts will take effect from April 1, and social security fees will be cut from May 1.
China-Li Presser/Tax Cuts
Dateline : March 15, 2019/File
Location : Beijing,China
Duration : 1'57
Beijing, China - March 15, 2019 (CCTV - No access Chinese mainland)
1. Chinese Premier Li Keqiang at press conference
2. Reporter asking question
3. SOUNDBITE (Chinese) Li Keqiang, Chinese Premier:
"We worked to replace business tax with value-added tax in the past several years. We have cut the taxes by one trillion yuan (or 150 billion U.S. dollars) on an average annual basis. That were three trillion yuan (or 450 billion U.S. dollars) for the past three years. This is a fairly large scale of tax reduction."
4. Reporters at press conference
5. SOUNDBITE (Chinese) Li Keqiang, Chinese Premier:
"We are determined to engaging in larger scale tax and fee cuts this year. We will make reductions in the value-added tax and localities' social insurance contributions. This will be delivering a dividend of two trillion yuan (or 300 billion U.S. dollars) to our companies."
FILE: Beijing, China - June 2017 (CCTV - No access Chinese mainland)
6. Entrance to Taxpayer Service Hall of Beijing's Xicheng District
7. Service hall
Beijing, China - March 15, 2019 (CCTV - No access Chinese mainland)
8. SOUNDBITE (Chinese) Li Keqiang, Chinese Premier:
"This is also a very crucial countermeasure against downward economic pressure."
FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
9. Various of workers, circuit board
Beijing, China - March 15, 2019 (CCTV - No access Chinese mainland)
10. SOUNDBITE (Chinese) Li Keqiang, Chinese Premier:
"This is fair and effective means, because the rules require that companies of all types of ownership will stand to benefit from tax and fee cuts. In addition, the efficiency is high since it will reach directly to all market players."
Hangzhou City, Zhejiang Province, east China - March 1, 2019 (CGTN - No access Chinese mainland)
11. Aerial shot of factory buildings
Shanghai Municipality, east China - March 5, 2019 (CGTN - No access Chinese mainland)
12. Aerial shot of cityscape
China's tax cuts for all kinds of companies help to promote market fairness and efficiency, said Chinese Premier Li Keqiang on Friday in Beijing at a press conference after the conclusion of the annual session of the 13th National People's Congress.
Li told the press that China has been cutting taxes and fees in the past years .
"We worked to replace business tax with value-added tax in the past several years. We have cut the taxes by one trillion yuan (or 150 billion U.S. dollars) on an average annual basis. That were three trillion yuan (or 450 billion U.S. dollars)for the past three years. This is a fairly large scale of tax reduction,” said Li.
The country is going to implement larger scale tax and fee cuts in 2019.
"We are determined to engaging in larger scale tax and fee cuts this year. We will make reductions in the value-added tax and localities' social insurance contributions. This will be delivering a dividend of two trillion yuan (300 billion U.S. dollars) to our companies," Li said.
He added, "This is also a very crucial countermeasure against downward economic pressure.
"This is fair and effective means, because the rules require that companies of all types of ownership will stand to benefit from tax and fee cuts. In addition, the efficiency is high since it will reach directly to all market players," said Li.
Li added the VAT cuts will take effect from April 1, and social security fees will be cut from May 1.
ID : 8105735
Published : 2019-03-15 12:07
Last Modified : 2019-03-15 18:31:00
Source : China Central Television (CCTV)
Restrictions : No access Chinese mainland
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