Roadmap for China’s fiscal and tax reform

JIA Kang, LIU Junmin , ZHANG Peng  and LIU Wei

Research Institute of Fiscal Science, Ministry of Finance
Abstract:

China’s tax and fiscal reform will continue to advance on the course of public finance rapidly in the coming decade, and become the forerunner of reform and socioeconomic development. In the coming years, the reform will focus on three themes: the fiscal and tax system, policies, and administration. The key element is to develop a fiscal and tax system that allocates compatible financial resources and administrative power to various levels of government. Fiscal and tax policies will play a critical role in transforming China’s economic growth pattern. To accomplish these goals, China needs a scientific and refined fiscal administration. These elements will form a system of great synergy.

Key Words:

Fiscal and tax system, reform, guidelines, recommendations

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