People protest against tax reform on Capitol hill in Washington DC, the United States, on Dec 1, 2017. Scholars assume that the US tax cut will benefit business owners or investors first, after which the increased investment may raise workers' wages. Tax cuts began in China years ago, especially since the value-added tax pilot program, which was launched in 2012. In the past five years, the central government's income from administrative fees has declined by 320 billion yuan per year on average, and provincial-level governments took in 47 billion yuan per year less, the data showed. Chinese tax policymakers may consider taking measures to maintain China business competitiveness, it said.