OREANDA-NEWS. February 20, 2012. Shanghai Municipal Taxation Bureau recently released to the public the list of Top 100 Taxpayer Companies, including the Top 100 company list in 2011,the Top 100 lists for private companies and non-state-held companies in 2011. Baosteel has 2 companies on the list which are Baoshan Iron & Steel Co., Ltd at 8th and Baosteel Development Company at 76th respectively, reported the press-centre of Baosteel.

It is heard that the Top 100 Taxpayer Company list adopted the tax paid in Shanghai by the individual companies in the year of 2011 as the statistic basis which does not include the figure summed up in the name of Group companies or Holding companies. The Tax revenue consists of all duties levied by Shanghai Taxation Bureau but does not include the custom generation and stamp tax for securities exchange. This measure aimed at building good social image for the Top 100 Taxpayer companies, enhancing social sense of good taxpaying and promoting the trend of law-abiding and sincere taxpaying in the society.

Except for Baoshan Iron & Steel Co., Ltd, other companies which hit the Top 10 Taxpayer companies in the year 2011 are: Shanghai Tobacco, Shanghai GM, Shanghai Volkswagen, Bank of Communications, SINOPEC Shanghai Petrochemical Company Limited, SINOPEC Shanghai Gaoqiao Company, Shanghai Pudong Development Bank, Shanghai Municipal Electric Power Company and Shanghai Futures Exchange.