China should Improve itsTax Regime to Reduce Excess Tax Burden

WANG Hao1 ( 汪昊 )

Editorial note:

Excess tax burden causes a decrease in consumer surplus and producer surplus thereby damaging the social benefits associated with taxation. China’s many types of tax have undermined the equilibrium of market resource allocation, leading to lower economic efficiency and excess tax burden. This article presents an empirical analysis on China’s excess tax burden using Barro’s tax-smoothing model and proposes relevant policy recommendations.

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