The Necessity of Unifying Income Taxes of Domestic and Foreign Enterprises

ZHANG Yansheng , ZHANG Anyuan ,QU Fengjie and ZHANG Zheren

 
Editorial note: A differentiated corporate income tax upon foreign invested and domestic enterprises
has produced some detrimental effects with regard to the opening up and development of the Chinese
economy. The changing international and domestic economic situation calls for adjustments to be made
to the dual-tax system. The authors argue for the necessity of such a reform and explain whether or not
this policy change would affect China’s investment environment, policy continuance and ability to
attract foreign direct investment. They also analyze the possible impact of such an adjustment upon the
macro economy and the foreign capital economy, and touch upon a series of measures and transitional
arrangements.

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