CCP may impose new taxes to address local financial struggles

China's Communist Party (CCP) is considering combining several current taxes into a new local surtax to address financial challenges at the regional level. The suggested merger would involve consolidating the urban maintenance and construction tax, the education surcharge, and the local education surcharge into a local surtax, potentially resulting in nearly one trillion yuan in revenue. This proposal, which comes after the Third Plenary Session of the CPC Central Committee, has stirred up debate on the internet.