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What will be the outcome of China's tax reform policies by the end of 2024?
2
Resolution / Starting Odds
Significant tax cuts • 25%
Moderate tax cuts • 25%
No significant changes • 25%
Tax increases • 25%
Official announcements from the Chinese government, news outlets like Xinhua News Agency, or government websites
Story
Xi Jinping Pledges Sweeping Support for Indebted Local Governments and Tax Reform
Jul 22, 2024, 05:21 AM
Chinese President Xi Jinping has pledged to increase support for local governments and deepen tax reform. This announcement comes as the ruling Communist Party unveiled its long-term economic plan. The sweeping plans include significant measures to bolster the finances of China's indebted local governments, addressing financial stability and competitiveness in the world’s second-largest economy. Xi's commitment to rewiring China's finances aims to shore up balance sheets and help indebted regions.
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Increase investments in China • 25%
Decrease investments in China • 25%
No change in investment levels • 25%
Uncertain • 25%
Increase by over 10% • 25%
Increase by less than 10% • 25%
Decrease by less than 10% • 25%
Decrease by over 10% • 25%
Tax hikes implemented as planned • 33%
Tax hikes partially rolled back • 33%
Tax hikes completely rolled back • 34%
Approved as proposed • 25%
Approved with modifications • 25%
Rejected • 25%
Postponed • 25%
Support • 33%
Oppose • 33%
Neutral • 33%
Passed as proposed (20% tax rate) • 25%
Passed with modifications • 25%
Not passed • 25%
No decision made • 25%
Bill passed and signed into law • 25%
Bill passed but vetoed by President • 25%
Bill fails to pass in Congress • 25%
Bill not introduced in Congress • 25%
