China's tax reform options / edited by Trish Fulton, Jinyan Li & Dianqing Xu.

Format:

Book

Conference/Event

Contributor:

Fulton, Trish.

Li, Jinyan, 1963-

Xu, Dianqing.

Conference Name:

International Symposium on Reform of the Chinese Tax System (1996 : University of Western Ontario)

Language:

English

Subjects (All):

Taxation--China--Congresses.

Taxation.

Fiscal policy--China--Congresses.

Fiscal policy.

China--Economic policy--1976-2000--Congresses.

China.

Physical Description:

1 online resource (485 p.)

Place of Publication:

Singapore ; River Edge, N.J. : World Scientific, c1998.

Language Note:

English

Summary:

China is now facing the challenge of designing and carrying out new reforms of its taxation system. This book covers a wide range of topics critical to China's future tax reform. Several prominent scholars and government officials have contributed papers which range from general tax issues to specific problem areas in tax policy design, implementation and legislation in China. The collaborative efforts between the Chinese and foreign scholars combine first hand knowledge of the current situation of China's tax reform with modern economic theory and methodology, and highlight key issues which a

Contents:

PREFACE; INTRODUCTION; Contents; PART 1 MACROECONOMIC STUDIES ON CHINESE TAX SYSTEM; TAX SYSTEM AND POLICY OPTIONS IN CHINA; I. Evalution of China's Tax System; 1.1 Imperial Period (Pre-1911); 1.2 Republican Period (1912-1949); 1.3 Socialist Period (1949-1979); 1.4 Economic Transition (1979 - present); 1.4.1 The 1984 tax reform; 1.4.2 Tax reforms in 1991 and 1994; II. Current Chinese Tax System ~ An Overview; 2.1 The Individual Income Tax; 2.2 Foreign Enterprise Income Tax Law; 2.3 Domestic Enterprise Income Tax; 2.4 VAT and Other Turnover Taxes; 2.5 Local Taxes

III. The Need For Further Reforms And Search For Policy Options3.1 General Fiscal Policy Options; 3.2 Enterprise Income Tax; 3.3 VAT and other Turnover Taxes; 3.4 Individual Income Tax; 3.5 New Taxes; 3.6 Central-Local Government Fiscal Relations; Notes:; PERSPECTIVES OF ECONOMIC REFORM IN CHINA; I. Introduction; II. The background of China's economic reform; III. Major obstacles to economic reform; IV. Experiences and lessons of economic reform; 4.1 I would like to discuss China's experiences learned from economic reform.; 4.2 There are four basic lessons from the reform:

4.3 Why have we had so many setbacks on the road to modernising the economy?V. Current pressures on reform; VI. Three possibilities for China's future; BUDGET LAW AND HARDENING THE BUDGET CONSTRAINTS; FINANCIAL PERSPECTIVES ON FISCAL REFORM; I. Fiscal Reform 1; II. Financial Sector Reform; III. Fiscal Performance and The Choice Between Financial Repression and Liberalization; IV. The Interdependency of Fiscal and Financial Sector Reforms; FOOTNOTES; CHINESE TAX REFORM: UNSOLVED PROBLEMS; I. Introduction; II. Cash economy and tax evasion

III. Inefficient banking system and absence of credit management systemIV. Lack of incentive system for tax contributions; V. Insufficient fiscal resources for local governments; VI. Brief Conclusion; SOME OBSERVATIONS ON CHINESE PROVINCIAL PER-CAPITA NATIONAL INCOME; I. Introduction; II. Data; III. Disparity Facts; IV. Mobility Facts; V. Conclusion; References; Footnotes; PART 2 INTERNATIONAL COMPARATIVE STUDIES ON TAX REFORM; CHINA'S TAX TREATY POLICY; I. INTRODUCTION; II. THE ROLE AND IMPORTANCE OF TAX TREATIES; III. CHINA'S TAX TREATY NETWORK; 3.1 Treaty Interpretation

3.2 Application of Tax Treaties - Meaning of ""China""IV. MAIN FEATURES OF CHINA'S TAX TREATIES; 4.1 Business Profits; a) Definition of ""permanent establishment""; b) Computation of business profits; 4.2 Investment Income; 4.3 Capital Gains; 4.4 Income from Personal Services; 4.5 Other Income; 4.6 Elimination of Double Taxation and Tax Sparing; V. CONCLUSIONS; Appendix A; Notes:; TAX REFORM IN CANADA AND CHINA: WHAT CHINA CAN LEARN FROM CANADA; I. Introduction; II. Comparing Canada and China's Tax System; III. Tax Reform Issues; a) The Tax Mix Issue; b) Equity

c) Taxation of Business Investments

Notes:

Selected papers presented at the International Symposium on Reform of the Chinese Tax System, held at the University of Western Ontario, in London, Canada, in Aug. 1996.

Includes bibliographical references and index.

ISBN:

9789812812582

981281258X