December 21, 2005

China Farmer Tax Reform

By posted in

We don't pretend to be "up" on everything happening in China, but this little tidbit caught our eye: the Telegraph's article, China's 800m peasants to escape yoke of farm tax. According to the Telegraph:

A 2,000-year-old grievance will be lifted next year when China scraps taxes for hundreds of millions of peasants, the government's traditional source of revenue.

What's more:

Reforms introduced as proof of China's commitment to those left behind by the economic boom are so far ahead of schedule that farm taxes, which date back to before the first emperor, will be abolished early, the finance minister, Jin Renqing, said.

Economic boom? Ahead of schedule? Commitment to those left behind?

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