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China reiterates enhanced support for small firms

时间：2012-04-27 05:31:00

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（单词翻译）

 　　BEIJING, April 26 (Xinhua) -- The State Council, or China's Cabinet, on Thursday required local authorities to take further steps in enhancing fiscal1 and tax support for the country's small and micro-sized companies and relieving their financing difficulties.

　　A document issued by the State Council said that the country will halve2 the business income tax for more small and micro-sized firms and extend the policy until the end of 2015. The government will also allow qualified3 small and medium-sized firms to enjoy favorable import tariffs4 on products for scientific and technological5 development purposes.
　　Taxation6 authorities will also push forward trial programs to replace the turnover7 tax with a value-added tax for small companies in a move to address the double-taxing problem, according to the document.
　　The document noted8 that the nation's small and micro-sized firms are currently facing increasing operational pressures and rising production costs amid a complicated and uncertain economic situation, and financing difficulties and heavy taxation are adding more pains.
　　The government will expand fiscal support for small and micro-sized companies to 14.17 billion yuan (2.3 billion U.S. dollars) in 2012, up from the previous arrangement of 12.87 billion yuan. Meanwhile, firms in the country's less-developed western regions will be given priority in the distribution of the funds.

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1 fiscal agbzf     
adj.财政的，会计的，国库的，国库岁入的
参考例句：
  • The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
  • The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。
2 halve Re4zV     
vt.分成两半，平分；减少到一半
参考例句：
  • Let's halve the project between our two teams.让我们两个队平均分担这项工程吧。
  • I'll halve expenses with you.我要跟你平均分摊费用。
3 qualified DCPyj     
adj.合格的，有资格的，胜任的，有限制的
参考例句：
  • He is qualified as a complete man of letters.他有资格当真正的文学家。
  • We must note that we still lack qualified specialists.我们必须看到我们还缺乏有资质的专家。
4 tariffs a7eb9a3f31e3d6290c240675a80156ec     
关税制度； 关税( tariff的名词复数 )； 关税表； （旅馆或饭店等的）收费表； 量刑标准
参考例句：
  • British industry was sheltered from foreign competition by protective tariffs. 保护性关税使英国工业免受国际竞争影响。
  • The new tariffs have put a stranglehold on trade. 新的关税制对开展贸易极为不利。
5 technological gqiwY     
adj.技术的；工艺的
参考例句：
  • A successful company must keep up with the pace of technological change.一家成功的公司必须得跟上技术变革的步伐。
  • Today,the pace of life is increasing with technological advancements.当今， 随着科技进步，生活节奏不断增快。
6 taxation tqVwP     
n.征税，税收，税金
参考例句：
  • He made a number of simplifications in the taxation system.他在税制上作了一些简化。
  • The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
7 turnover nfkzmg     
n.人员流动率，人事变动率；营业额，成交量
参考例句：
  • The store greatly reduced the prices to make a quick turnover.这家商店实行大减价以迅速周转资金。
  • Our turnover actually increased last year.去年我们的营业额竟然增加了。
8 noted 5n4zXc     
adj.著名的，知名的
参考例句：
  • The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
  • Jim is noted for arriving late for work.吉姆上班迟到出了名。

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