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The Effect Analysis And Strategy Study Of The Individual Income Tax Reform

Posted on:2015-03-06Degree:MasterType:Thesis
Country:ChinaCandidate:F ZhangFull Text:PDF
GTID:2269330428481586Subject:Basic principles of Marxism
Abstract/Summary:PDF Full Text Request
Since China’s reform and opening up, the central government has introduced the individual income tax law and began to impose in1981, so as to meet the need of market economy. Later on, several reforms have been conducted in2005,2008and2011, which has greatly improved the system. As an important part of individual income tax reform, major adjustment has been made on personal allowance and tax bracket, in an attempt to grow the economy, adjust income distribution, and increase fiscal revenue, narrow down rich-and-poor gap, increase transparency and legitimacy of individual income, and finally bring harmony to social life.Yet, the effect is more than that. As a main source of national fiscal revenue, the effect of individual income tax reform on the national consumption level and resource distribution will form a force to affect economic performance. The degree is determined by the intensity of the reform, and finally become the power, either promote or hinder the reform. This paper focuses on the analysis of the effects that individual income tax reform has brought, and the weigh of reform intensity in improving the economic performance. Guided by Marxist thoughts on taxes, this paper begins with the current performance of the social economy. By analyzing the effects of several individual income tax reform practices and introducing successful cases of foreign reforms, the paper aims to explore the future trend for China’s individual income tax reform, a move to boost economic growth.
Keywords/Search Tags:individual income tax reform, effect analysis, Marxist thoughts on taxes, Strategystudy
PDF Full Text Request
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