B2C (business to consumer) stores run in enterprise modes and thus should pay taxes, but most C2C (consumer to consumer) stores are of small scale and should be encouraged to expand through preferential tax policies, Huang said.
Zhou Qinnian, head of My 1 Percent, could not be reached for comment.
The move, however, might drive large-sized online stores out of the city, said Liao Jiangtao, deputy secretary general of Wuhan E-Commerce Association.
So far the country hasn't mapped out relevant policies, and it's hasty for Wuhan to take the step, Liao said.
E-commerce businesses will retreat from Wuhan, said Liao, adding that the businesses, about 30,000 online stores, now provide about 100,000 jobs or 400,000 indirect jobs.
China issued temporary guidelines on online trade and services on July 1 last year, introducing a real-name system for online stores.
Industry analysts had believed this might be a prelude to taxes on online stores.
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Source:Xinhua
Weekly review
Zhou Qinnian, head of My 1 Percent, could not be reached for comment.
The move, however, might drive large-sized online stores out of the city, said Liao Jiangtao, deputy secretary general of Wuhan E-Commerce Association.
So far the country hasn't mapped out relevant policies, and it's hasty for Wuhan to take the step, Liao said.
E-commerce businesses will retreat from Wuhan, said Liao, adding that the businesses, about 30,000 online stores, now provide about 100,000 jobs or 400,000 indirect jobs.
China issued temporary guidelines on online trade and services on July 1 last year, introducing a real-name system for online stores.
Industry analysts had believed this might be a prelude to taxes on online stores.
1 2
Source:Xinhua
Weekly review
