Shanghai Shanghai Municipal NLD proposal to increase tax threshold

 Reported group of the CPPCC in front of
LONDON January 17 report: This morning, the Fourth Session of the Eleventh CPPCC Shanghai first address the General Assembly, the side wing of the Shanghai Municipal Committee, speaking on behalf of Democratic League, said the distribution of income in Shanghai widening the gap problem, the city government should be increased by increasing the speed of the minimum wage to strengthen the regulation of the initial distribution to narrow the wealth gap.

side wing members, said research found that through the Democratic League City: Shanghai, expansion of the income distribution gap. Shanghai, the ratio of wages in different sectors, from Housing Fund in the amount of payment calculated to pay the difference is 2.4 times the average return of the employees to calculate the difference is 6.4 times. Enterprise managers and ordinary workers income ratio, has been expanded to 5 times, 10% of the companies even more than 10 times.

Fong pointed out that from 1990 to 2008, Shanghai, average annual revenue increase of 20.0%, while the urban per capita disposable income of households in the average annual wage income grew by only 11.60%. Fang Rong members suggested, should focus on increasing the minimum wage increase and improve the regulatory function of personal income tax, the Shanghai municipal government to actively offer and promote the central government to speed up the reform of the tax system, aimed to change the current personal income tax for wage earners and salary class status of poor regulation.