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China tax revenues up 22.6%

Source:   Time:

China's tax revenues rose nearly a quarter in 2010 compared to the year before.

The State Administration of Taxation says tax revenues rose 22.6 percent to 7.7 trillion yuan. That includes over 700 billion yuan of tax refunds, but excludes tariffs, tonnage taxes, farmland occupation taxes and deed taxes. Consumption taxes, sales taxes and income taxes all rose over 20 percent year-on-year.

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