Amid worries of rising inflation, China has put on hold a long-expected tax reform for coal mining companies that will result in a higher levy, state media has reported. The State Council, the central government's cabinet, has not approved a proposal submitted by the finance and taxalion authorities, the Shanghai Securities News said. "This does not mean the tax increase and reform will not be put into practice, it's just being delayed.'' the newspaper quoted an unnamed source as saying.
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