Comments on: Chinese Microentrepreneurs May Get Legal Licenses! http://www.ironricebowl.org/2009/07/23/chinese-microentrepreneurs-may-get-legal-licenses/ Exploring Microfinance in China Fri, 14 May 2010 01:41:18 -0700 http://wordpress.org/?v=2.8 hourly 1 By: Alex http://www.ironricebowl.org/2009/07/23/chinese-microentrepreneurs-may-get-legal-licenses/comment-page-1/#comment-15 Alex Thu, 23 Jul 2009 06:58:02 +0000 http://www.ironricebowl.org/?p=48#comment-15 I'm interested that such non-tax-paying micro-enterprises have boomed over the past year, as I was under the impression many of them were the result of de-employment over the 90s and early 00s from large SOEs, with concessions made to newly unemployed workers that they needn't pay business taxes if they employed themselves? As long as registration remains a choice, rather than a requirement, this sounds like an excellent policy initiative. And the tax office will be happy with a new source of revenue/enforcement no doubt, given the plummeting receipts in H1 this year. I’m interested that such non-tax-paying micro-enterprises have boomed over the past year, as I was under the impression many of them were the result of de-employment over the 90s and early 00s from large SOEs, with concessions made to newly unemployed workers that they needn’t pay business taxes if they employed themselves?

As long as registration remains a choice, rather than a requirement, this sounds like an excellent policy initiative.

And the tax office will be happy with a new source of revenue/enforcement no doubt, given the plummeting receipts in H1 this year.

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