China reiterates enhanced support for small firms

 　　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.

1 fiscal   

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   

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   

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   

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   

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   

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   

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   

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。