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Structural Tax Reduction Policy to Economic Growth in China Escort

Author: ZhaoJia
Tutor: HaoZhongHua
School: Jilin University of Finance and Economics
Course:
Keywords: Structural tax reduction Tax reform fiscal policy financial crisis growth of economic development Recovery Transformation
CLC: F812.42
Type: Master's thesis
Year: 2010
Downloads: 275
Quote: 0
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Abstract


Structural tax reduction, in 2009 China has already become a major feature of tax policy. Since the second half of 2008 by the international financial crisis, China’s economy began to decline, in response to the global financial crisis, effectively overcome the current difficulties, to prevent the economic downturn, too fast and to maintain stable and rapid economic development, and has become the state’s macro regulation and control top priority. The fundamental way to ensure growth is to expand domestic demand and stimulating domestic demand, fiscal policy, including through increased government spending and tax cuts. Among them, in order to tax residents and businesses to expand the availability of disposable income, thereby stimulating consumer demand and investment demand has a basic significance.China has adopted a series of structural tax reduction measures, only the size of tax cuts in 2009 reached 5500 million yuan, enhancing our confidence and ability to withstand the crisis. Meanwhile, China’s full implementation of value-added tax, decisive introduction of fuel tax reform program reflects the growth in promoting reform and security, adjusting the structure of people’s livelihood, the combination of benefits, these measures have achieved significant results. From the long-term economic growth dynamics point of view, lack of investor confidence in the business world, lack of consumer confidence in the circumstances, the most important measures to stimulate economic growth than tax cuts. Reduction can become economic growth momentum and resources of the real financial return civil society, Fundamentally a real revitalization of the domestic corporate investment and household consumption. Currently, China’s accelerated economic growth quarter by quarter, domestic demand and the role of economic growth has markedly increased.This year we will continue to implement the structural policy of tax cuts, and continuously enhance the revenue control functions, in order to promote sound and fast economic and social development, and the full realization of economic and social development in 2010 and the "Eleventh Five-Year Plan" to make a positive contribution to the objectives. It is against this background paper has launched in-depth study of structural tax cuts to the impact of China’s economy, tax policy, international reference structural analysis of the structural reduction of China’s difficulties and problems in China adopted a policy of tax cuts, as well as the orientation of structural problems.

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CLC: > Economic > Fiscal, monetary > Finance, the state's financial > China's financial > Financial income and expenditure > Tax
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