An Analysis On Economic Effects Created By Resource Tax Reform In Xinjiang Area

Since the first reform in1984, China’s resource tax has been given more and more function such as adjust differential income, increase local tax revenue, save resources and so on. In face of the new situation and the new policy appeared in new period, the reform seems less. Therefore, we are more and more concerned about how to make a reasonable reform of resources tax, including the resource tax base, the resource tax treatment, and the resource tax rate, so as to save resources while promote the development of the economy. Xinjiang, the big province of northwest of China, has rich mineral resources. And also it is the first pilot of resource tax reform in2010. Therefore, it becomes the research focus on how to turn its powerful resources advantage into financial and economic advantages, and then promote the development of regional economy.Specifically speaking, this paper focuses on the analysis of what the reform of resource tax has brought to Xinjiang area. This paper first introduces the reform course of China’s resource tax, and divides it into different stages. Then it explains the function of resource tax in different stages. Next, by using the methods of data analysis, the establishment of regression model, the input-output price model, it analyzes the economic effects created by China’s resource tax reform in Xinjiang area. Starting from the issues concerned, by analyzing the influence of the resource tax reform to tax revenue in Xinjiang area, the paper concludes the resource tax has become an important source of tax revenue in Xinjiang area; by analyzing the impact of resource tax reform on Xinjiang GDP, this paper concludes the resource tax promotes Xinjiang GDP; by analyzing resource tax reform to resource exploitation in Xinjiang area, the paper concludes resource tax plays a controlling role; and by analyzing the resource tax reform to Xinjiang area industrial structure, this paper concludes resource tax reform does not have a positive effect on the adjustment of industrial structure in Xinjiang area. Finally, according to the conclusions, this paper gives some policy suggestions on China’s future resource tax reform, mainly including appropriately raise the resource tax rate, expand the scope of resource tax levy; the resource tax collection methods are mainly ad valorem levy; dealing well with the relationship between the resource tax and other taxes; and to strengthen industry regulation and guidance and so on in the process of the reform of resource tax.