Strategic Perspectives on China’s New Round of Tax Reform

Gao Peiyong
Institute of Economics, Chinese Academy of Social Sciences (CASS), Beijing, China
School of Statistics and Mathematics, Central University of Finance and Economics, Beijing, China

Abstract:   China’s current tax structure is seriously out of balance. It is dominated by indirect tax primarily paid by firms, and the share of direct tax is limited and the share of direct tax paid by households and individuals is still more limited. In order to achieve a more equitable distribution of the tax burden, the tax reform initiated by the Third Plenum of the18th CPC Central Committee mandated increasing the direct tax and reducing the indirect tax as key priorities to improve China’s tax structure.
Keywords: tax reform, structural optimization, distribution of the tax burden

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