China: toward the new stage of improving its tax system

Gao, Peng; Ma, Jun

doi:10.15826/jtr.2015.1.2.009

Cited by 4 publications

(1 citation statement)

References 2 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…As a result, Chinese scholars claim that the fiscal policy of today's China is based on the principle of "giving efficiency priority with due consideration to fairness, " implying that the Chinese government now prioritizes social justice over economic efficiency. 47 An example of the cautious and balanced approach of the Chinese legislators to the VAT legal regulation is the nationwide discussion of the draft law of the People's Republic of China on land value-added tax, which takes into account the difficult situation in the Chinese real estate market, with the added value of ordinary houses being minimal or even negative.…”

Section: Features Of Legal Regulation Of Value-added Taxation In the People's Republic Of Chinamentioning

confidence: 99%

Legal and Regulatory Reform of Value-Added Taxation in the People’s Republic of China and the Republic of India: Trends and Characteristics

Bachurin

2021

BRICS law journal

View full text Add to dashboard Cite

Value-added taxation is a multidimensional theoretical, ﬁscal and legal structure. It also serves as a tool for the practical transformation of political, legal and socio-economic relations. The objective of the research is to study new concepts of value-added taxation formed in the two largest BRICS economies (the People’s Republic of China and the Republic of India). The assumption is that not only “European” model of the legal regulation of VAT can be successful, but alternatively “Chinese” and “Indian models.” The author examines and evaluates changes in the legal structure of value added tax in general, and its elements focusing on the current stage of legal regulation of national systems of VAT (GST) in China and India. In addition, the political, legal, social and economic eﬀects of the legal mechanism of VAT (GST) in China and India from 2017 to 2020 are demonstrated.

show abstract

Section: Features Of Legal Regulation Of Value-added Taxation In the People's Republic Of Chinamentioning

confidence: 99%

Legal and Regulatory Reform of Value-Added Taxation in the People’s Republic of China and the Republic of India: Trends and Characteristics

Bachurin

2021

BRICS law journal

View full text Add to dashboard Cite

show abstract

Typology of Legal Regulation of Value-Added Taxation in the BRICS States

Bachurin

2022

BRICS law journal

View full text Add to dashboard Cite

Value-added taxation (VAT) is an essential component of the financial system of any modern state, which determines the attention of the legislator to the development of its legal regulation, as well as the subject of this article. The processes of transformation of VAT legal regulation systems that are observed in the BRICS countries (the People’s Republic of China, the Republic of India, the Federal Republic of Brazil, the Russian Federation, and the Republic of South Africa) demonstrate the greatest activity in this area of legal relations. The task of studying such changes, which makes it possible to identify common features and individual features of various types of legal regulation of value-added taxation, is solved on the basis of an integrated assessment of the characteristics of the tax redistribution of value added. Based on the results of their research, the types of legal regulation of VAT in the BRICS countries are identified and the place that the Russian model of legal regulation of VAT occupies in this classification is determined.

show abstract

Tax conditions for doing business as a component of investment monitoring at the emerging financial market of China

Pokrovskaia

Воронова

2020

Naučnyj vestnik Ûžnogo instituta menedžmenta

View full text Add to dashboard Cite

We analyze the tax conditions for doing business in mainland China, taking into account the degree of financial market’s development for determining the main areas of tax support for financial development, as well as obstacles to it, generated by the tax system, relevant for the emerging financial market of the Russian Federation. We show that despite the low overall tax burden, the tax burden on the entrepreneurial sphere in the PRC is higher than the average in the countries with an emerging financial market. However, time to comply and number of payments in China have significantly decreased over the past decade and are relatively convenient for business. Special attention was paid to the country's financial development in tandem with the measures of tax incentives. We show that although the financial system of mainland China is based more on banks than on the stock market, the conditions for tax exemption of individual income are harmonized for bank deposits and securities, which equally stimulates the development of both sectors.

show abstract

China: toward the new stage of improving its tax system

Cited by 4 publications

References 2 publications

Legal and Regulatory Reform of Value-Added Taxation in the People’s Republic of China and the Republic of India: Trends and Characteristics

Legal and Regulatory Reform of Value-Added Taxation in the People’s Republic of China and the Republic of India: Trends and Characteristics

Typology of Legal Regulation of Value-Added Taxation in the BRICS States

Tax conditions for doing business as a component of investment monitoring at the emerging financial market of China

Contact Info

Product

Resources

About