M&T Lawyers was interviewed by Accounting Messenger on the adjustment of stamp tax

A few days ago, the senior partner of M&T law firm Shi Zhiqun was interviewed by Accounting Messenger on the stamp duty adjustment.
Mr. Shi believed that stamp tax on securities transactions vested in the central government will not make a great difference in stock market, because stamp tax itself takes up a small percent in tax system and the adjustment only involved in the division of income ownership and has no business with tax rating.
He insisted that although the adjustment of the tax policy has indicated that the tax-sharing system reform is development step by step, we still can not simply believe it is the opening of the reform, because the tax reform is a complex systems engineering which needs comprehensive coordination. However, the stamp tax adjustment is not a crucial part.