Surge in oil consumption

Although China's first record tax revenue, but six percent year-on-year drop in oil consumption tax revenue to 393 percent year-on-year.

Treasury today, according to figures released in June this year, China before tax revenue for 20000953 billion yuan, up to negative growth. But with oil, cigarettes, liquor, automobile, etc. 14: class specific commodity consumption tax object for more than six year-on-year rate of increase excise into three.

The financial crisis did not seem to affect people's consumption enthusiasm. A total of domestic consumption to June, for 219.6 billion tax revenues of $7 per cent proportion of unevenness.

Oil consumption tax deduction of other tax revenues outside more than the same period last year at 4 per cent. It mainly because the precious jewelry, tobacco, alcohol consumption item of income steady growth. These items consumption year-on-year growth of nearly a 10 percent, at four and six percent. In may, the country has improved smoke cigarette consumption tax rate, make product tax revenues increased product.

And the land, houses and keep relevant income tax in the first half also has seen a rapid growth. If land tax growth, property taxes 135 percent increased 2% ten seven.

Part of the production and related tax is levied still. A June, domestic value-added 3 percent drop down, import link a nearly 10 percent decline, enterprise income tax at eight, tariffs dropped nearly 30%.

In the quarter dropped sharply in recent months, the situation of China, annual revenue decline gradually realize the narrow, June this year the first income.

According to the analysis, the slowest finance revenue decline gradually during the first half of the narrow there are four reasons. One is the product of the income tax reform effects appear, Two new renminbi loans quantity is increased, the stock clinch a deal the obvious active factors make financial insurance business tax rise, Since March 3 is part of the urban real estate transactions have warmed and land, property tax fast growth, etc. Four is stock trading significantly compared with the same period last year, investors will rise to market factors such as the stamp tax on securities transactions of narrow.