Turnover tax refers to a tax on the gross revenue of a business, while a VAT refers to a tax levied on the difference between a commodity's price before taxes and its cost of production.

营业税指的是对一个企业营业总收入所征收的税，而增值税指的是对商品税前价格和生产成本之间的差额征收的税。

youdao

Most of China's tax revenue now comes from the value-added tax, or VAT, a flat 17% levy on most production, and from the corporate income tax.

目前，中国税收收入的大部分来自增值税和企业所得税。大部分产品的增值税率都是17%。

youdao

The message is: incentivise us to use it, or you lose tax revenue from production, and depend more on foreign sources of energy.

BBC: Buzzard platform in the North Sea

Passed down from the Cabinet of Prime Minister Mariano Rajoy on Friday, the plan is anchored by a 6 percent flat tax on energy production revenue, including both direct earnings and funds associated with feed-in tariffs (FITs).

FORBES: Spain Moves to Calm Energy Storm

Meanwhile, the Chinese government can boast that it has established in Western China an economic zone for cloud computing and automotive and aerospace production resulting in 12.5% annual growth and 49% growth in annual tax revenue, with wages rising more than 10% a year.

WSJ: Andy Stern: China's Superior Economic Model