Tax Burden,Tax System Structure Adjustment And High-quality Economic Development

Promoting high-quality economic development is inseparable from the pillar,guarantee and basic role of tax revenue,so in the critical period of development stage transformation,it is necessary to further improve the tax system structure,improve and implement tax policies to improve the efficiency of resource allocation and promote high-quality local economic development.Based on this,this paper first sorts out and summarizes the relevant literature on tax burden,tax system structure and high-quality economic development,and theoretically analyzes the effect mechanism of tax burden and tax system structure on China’s high-quality economic development.Then,according to the connotation of high-quality economic development,it defines its dimensions,including five dimensions: economic growth structure,economic growth stability,innovation-driven development,welfare and achievement distribution,resource utilization and ecological and environmental cost,and selects 24 indicators to build a comprehensive evaluation system.The entropy method is used to calculate the comprehensive index and subdimension index of the economic high-quality development of 276 prefecture-level cities in China.Finally,the spatial distribution characteristics of the economic development quality and its sub-dimension indexes at the city level are analyzed in detail.Next,we will focus on the impact of tax burden and tax system structure on highquality economic development.Using the panel data of 276 prefecture-level cities in China from 2009 to 2019,this paper constructs a panel vector autoregressive model to empirically analyze the relationship between tax burden and high-quality economic development.A two-way fixed effect model and a panel threshold model are established to study the impact of tax restructuring on high-quality economic development and its threshold effect.The empirical results show that:(1)the overall local tax burden and direct tax burden have a positive impact on the high-quality economic development,but the high-quality economic development will have a reverse impact on the indirect tax burden,and the impact of tax burden on its subsystems is different;(2)Considering the heterogeneity level of urban development and fiscal pressure,the tax burden of relatively developed cities and cities with low fiscal pressure has a greater positive impact on the high-quality economic development;(3)The increase of the proportion of local direct tax has a positive impact on the high-quality economic development,while the increase of the proportion of local indirect tax has a negative impact on it;(4)Considering the heterogeneity of regions,fiscal pressure,economic development level and time series,the positive impact of increasing direct tax proportion is more obvious for the central region,low fiscal pressure and relatively developed cities,and the promotion effect is even stronger after the implementation of a series of tax reduction policies after 2012;(5)When the local economic development level,government financial pressure and deficit level are used as threshold variables,the positive impact of direct tax on high-quality economic development is tilted to the cities with higher economic development level,lower financial pressure and higher deficit level,and the negative impact of indirect tax on high-quality economic development gradually weakens with the change of the above threshold variables.Finally,the conclusions of this paper show that China’s urban economic quality development is still in its infancy,so it is necessary to strengthen the guidance of tax policy to ensure the promotion of urban economic development quality,and at the same time focus on the increase of the proportion of direct tax.Based on the relevant theoretical and empirical analysis structure,this paper puts forward the following three suggestions:(1)To improve the adaptability of tax burden to high-quality economic development,cities need to adopt targeted tax policies according to their weak development aspects and adapt measures to local conditions;(2)Optimize the tax system structure,increase the proportion of direct taxes,and reduce taxes in both substantive and structural ways;(3)Pay attention to the financial pressure and deficit level of local governments to ensure the sustainable development of local finance.