Shanghai | China is considering a tax break for families with two children, to help them cover education costs, amid concern the country is facing demographic challenges because of its rapidly ageing population and shrinking workforce.
New Finance Minister Xiao Jie, who used to head the taxation department, said the plan was being considered as part of a package of new income-tax reforms.
These include lifting the threshold and simplifying the system. Mr Xiao did not release details
RelSci News & Alerts gets you: