Empirical Study On The Economic Growth Effect Of Tax Structure In China

"13th Five-Year" plan puts forward "to accelerate the reform of the taxation system,optimize the tax structure,and gradually increase the proportion of direct taxes".With China's economy entering a "new normal",adjusting the structure of the tax system and changing the way of economic growth have become the focus of social concern.In theory,the structure of tax system can play an important role in economic and social development,but what is the impact of the tax structure on economic growth in reality? On the basis of theoretical analysis,this paper empirically examines the impact of tax structure on economic growth on the basis of China's empirical data.First of all,this paper analyses from the theoretical level that tax structure influences economic growth through the price mechanism,income mechanism and others.Secondly,it analyzes the present situation of tax structure and economic growth in China from two aspects of the whole country and the provincial level,and then summarizes the change characteristics of tax structure and economic growth in China,and finds out the irrationality of tax structure.Thirdly,it uses China's experience data to demonstrate the impact of the tax structure on economic growth.The author selects the data from 1994 to 2016 years to demonstrate tax structure's impact on economic growth in general,the empirical result shows that improving the proportion of direct taxes is conducive to economic growth.Based on this,then uses provincial data from 2000 to 2016 years to build static panel data model to explore the economic growth effects of various tax categories,the empirical results show that income tax and turnover tax hinder economic growth,property tax and resource tax promote economic growth in contrast.In order to clear the economic growth effect of tax income tax and turnover tax,the author chooses corporate income tax,personal income tax,value-added tax and excise tax as research points,then constructs a dynamic panel data model,the empirical results show that the corporate income tax hinders the economic growth,the personal income tax promotes economic growth,and the economic growth effect of value-added tax or excise tax is not obvious.Finally,according to the current situation of the tax structure and economic growth,as well as the actual effect of the tax structure on economic growth,the author summarizes the existing problems of China's tax structure,then puts forward the suggestions about how to optimize it,such as perfecting the existing indirect tax system,improving the direct tax construction,optimizing the internal structure of income tax and so on.