Study On The Chinese Local Main Tax Selection Based On The Perspective Of Modern Financial System

From the beginning of the tax division reform, to the reform and adjustment during the fiscal and taxation systems run, and then to the current reform of the fiscal and taxation systems, the problem of local main taxes loss is becoming more and more prominent. The basic goal of the current fiscal and taxation systems reform is to establish the modern financial system. Adapted to the modern financial system goal, the local main taxes selection were referred to a new height to be conducive to the national management modernization.This paper mainly on the basis of the local main tax selection theories under the perspective of the modern financial system, based on the status quo, drew lessons from foreign experience, and focused on four main optional tax do analysis and calculation. The main contents include:Firstly, combine the western classical related financial theories with the goal of establish a modern financial system in our country, local main tax should satisfy five indicators:the economic efficiency, collection and management efficiency, benefit principle, income standard, economic adjustment standard. Secondly, through the comparative analysis of foreign local main taxes selection system design and the specific local main taxes selection to provide experience for our country. Third, based on the relevant reality of samples provinces and cities in eastern, central and western of our county, respectively focused on four main optional optional tax do analysis and calculation. The four main optional taxes were the sales tax, individual income tax, real estate tax and resource tax.According to above analysis results, based on the perspective of modern financial system in our country,the local main tax selection cannot simply by the merger of old taxes or the levy of new taxes, must consider financial institutional framework factors at the same time, do a good job in the division of central and local powers, clear the transfer payment system from central government to the local fiscal, then select and cultivate the local main taxes under the certain financial institutional framework. Further, according to the analysis conclusion of the feasibility of four major taxes, we can conclude the specific ideas of local main taxes:Local government at the provincial level should choose the sales tax and individual income tax as main taxes, local governments at the county (city) levels should choose the real estate tax and resource tax as main taxes. Finally, the local main taxes also should match the corresponding assist tax department. In addition, according to the goal of establishing the modern financial system, the selection of local main taxes could not happen overnight, should work with the budget management system reform, tax collection and administration system reform and related supporting reform, step by step.