Chapter 2. Modernizing the Tax Policy Regime
Author:
Mr. Waikei R Lam
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Language:
English
Print Publication Date:
14 Jan 2017
Keywords:
BOOK; government; China; pension; rate; local government; taxable income; flat rate; progressive tax; proportional tax; personal allowance; Income tax systems; Income and capital gains taxes; Corporate income tax; Social security contributions; Global

Abstract

Fiscal reform is integral to China’s broad reform plans and key for achieving more inclusive and sustainable growth. The 13th Five-Year Plan commits to deepening tax reforms to facilitate economic transition, and includes measures to collect revenues more efficiently, improve the fiscal framework, and strengthen local government finances. The authorities decided to establish the foundations of reforms by 2016 and modernize the fiscal framework by 2020.

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Cover Modernizing China
Modernizing China
Investing in Soft Infrastructure
ISBN:
9781513539942
Publication Date:
14 Jan 2017
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781513539942.071
Pages:
388