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Inland Tax on Wine and Tobacco Products.
10 per cent. inland tax ...
(See article 1.)
This is a guess based on the fact that the British and American Tobacco Company alone now pay some 1,500,000 dollars a year in 24 per cent. inland tax. (It should be noted that this inland tax is paid on both imported and locally manufactured products, and that under the scheme it would be paid whether the goods were disposed of at the treaty ports or in the interior.) Were this inland tax to be effectively applied to native wine and tobacco products, the revenues should greatly exceed the estimates.
Factory Excise.
(See article 4.)
5 per cent. to 7 per cent excise on manufactured
articles other than wine and tobacco
This is a guess based on the fact that the customs already collect from 4 million dollars to 5 million dollars in privileged factory treatment duties. The possibilities in the development of these revenues under a regular excise administration are considerable, and the above estimate may well turn out to be absurdly small.
Wine and Tobacco Excise.
(See article 4.1
10 per cent. to 15 per cent. excise on wine and tobacco
products ...
...
This is a guess based on the fact that the British and American Tobacco Company alone now pay about 1 million dollars a year in factory tax, which works out at about 1 per cent to 2 per cent., and that the nominal revenues of the existing Wine and Tobacco Administration are some 15 million dollars a year.
Chinese dollars.
15,000,000
6,000,000
20,000,000
Salt Revenues. (Under a reformed Administration.) (See article 6.)
Salt duties
Salt duties collected under the existing system amount to some 90,000,000 dollars only.
120,000,000
Stamp Tax Revenues. (Under a reformed Administration.)
Stamp duties
PI
(See article 6.)
Stamp duties collected under the existing system are understood to amount to some 3 million dollars only, but the possibilities of this source of revenue, if roorganised with foreign assistance, are probably considerable.
6,000,000
ot li-kin.
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Division of Revenues between Central Government and Provinces.
To the Central Government for Debt Services.
Customs revenues
(See article 3.)
F
Chinese dollars. 125,000,000
To the Central Government for Administrative Expenses. (See article 6.)
Wine and tobacco excise Factory excise
Two-thirds of salt revenues, say 80 million dollars, less, say 20 million dollars for debt services, until customs can carry entire debt Two-thirds of stamp tax revenues
Total
To the 'rovinces.
20,000,000
6,000,000
60,000,000
4,000,000
90,000,000
(See articles 1 and 6.)
8,000,000*
15,000,000
40,000,000
2,000,000
65,000,000
Transit pass fees
Wine and tobacco inland tax One-third of salt revenues One-third of stamp tax duties
Total
Varying in relation to the provincial (í-kin receipts according as transit pass fees take the place
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