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Analysis of the effect of the VAT on the size of the government and recommendation on the reform of the VAT in China

Journal of Chinese Tax and Policy

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Title Analysis of the effect of the VAT on the size of the government and recommendation on the reform of the VAT in China
 
Creator YING, WAN
QI, FAN
 
Description Since the implementation of the value-added tax (VAT) in 1994, such tax hasbecome the most prominent source of taxation income in the Chinese taxationsystem. However, its reform is far from complete as the VAT is not fullydeductible and its coverage is incomplete within industries causing the futureroadmap of the reform to be unclear. This article resulted in two conclusions basedon the analysis of the relationship between the VAT and governmental size. Firstly,the VAT is a significant factor that leads to the expansion of the government.Secondly, the VAT reform was not only an economic reform, but also a politicalreform. Subsequent reforms will have to depend on the balance of economic andpolitical interest and also the balance of power between the central and localgovernment.
 
Publisher Journal of Chinese Tax and Policy
 
Contributor —
 
Date 2018-05-22
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Identifier https://openjournals.library.sydney.edu.au/index.php/JCTP/article/view/12736
 
Source Journal of Chinese Tax and Policy; Vol 4, No 1 (2014): Chinese Tax and Policy 6
1839-065X
2205-2550
 
Language en
 
Rights Copyright (c) 2018 WAN YING, FAN QI