Research On China's Individual Income Tax Expense Deduction Standard

Individual income tax is closely related to people's lives and it is related to taxpayers' disposable income.At the 13 th National People's Congress held in 2018,the proposal to reform the deduction standard of individual income tax once again became the focus of attention.At present,China's individual income tax adopts the tax system mode of the classified collection,the deduction standard shall be deducted according to the taxable items.Individual income tax has played a certain role in raising financial income and promoting economic and social development.But with the development of society and economy,people's living standards have been continuously improved,the income gap has gradually widened.Some problems in the Individual income tax system have become increasingly prominent,especially the irrationality and unfairness of the deduction standard of individual income tax caused hot public debate.The unreasonable deduction of Individual income tax is not conducive to individual income tax to better play its role in regulating income distribution,and even lead to unfair income distribution.With the improvement of China's taxation administration and reform of the individual income tax system,we should gradually improve the deduction standard of individual income tax,in order to better play the role of individual income tax to adjustment income distribution and promote social fairness.On the basis of theoretical analysis,this paper analyzes the current status of the deduction standard of individual income tax,summarizes the problems existing in the deduction standard of individual income tax.This paper sorts out the deduction standard of individual income tax in foreign countries and conducts a comparative analysis,and puts forward experience worthy of our country's experience.On the basis of the above analysis,combined with China's national conditions,this paper puts forward suggestions to improve the deduction standard of individual income tax in China.The core content of this paper includes four parts: The first part is the theoretical analysis,which focuses on the principle and theoretical basis for the deduction of individual income tax;The second part is about the current status and existing problems of the deduction of individual income tax,according to the actual situation,it focuses on the problems existing in the deduction standard of individual income tax.The third part is the foreign individual income tax deducting experience reference,through the comparative analysis to summarize the experience that can be used for reference,for China's individual income tax expense deduction standard reform provides the reference basis.The fourth part is the recommendations to improve China's individual income tax deduction standard,based on the completion of the individual income tax system model,to improve China's deduction standard of individual income tax,to implement the dynamic adjustment mechanisms and the regional differences in the deduction standard of individual income tax.