| 1 | So, in a sense, the tax structure was regressive. | |
| 2 | In changing the tax system, haven' t you and the provinces had any pretty fierce struggle? | |
| 3 | Since 1994 China has adopted a series of significant reform measures in taxation, banking, foreign exchange and foreign trade. | |
| 4 | But today' s profound fiscal malaise should offer them a wake-up call: their views on taxation hurt the constituency that they most want to help. | |
| 5 | Lastly, such a tax would have two important advantages over other measures that have been proposed to stop currency manipulation: it would not violate international rules, and it would work. |
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