International dimensions of income taxation in China : a critique

Research output: Journal PublicationsJournal Article (refereed)

Abstract

The impact of China's open-door policy on its economic development is far-reαching. Foreign direct investment (FDI) brought about by this policy has been the driving force behind the country’s economic rφrms. The 1994 tax reform, a direct response to the demand of a socialist market economy, achieved initial success, but left much to be desired. An efficient, equal, and neutral tax system is desirable in an ideal tax environment. Chinα's numerous tαx incentives, available only to foreign investment enterprises (FIEs), have become a rising source of tax inequality, and have proved to be costly in terms of revenue foregone. The equity objective has gαined momentum as China is under pressure to boost revenues, through further tax reform, to fund the major infrastructure development programme. It is suggested that further tax reforms in China be grounded in the principles of unifying tax laws, equalizing the tax burden, simplifying the tax system, and improving the efficiency of tax collection and administration.
Original languageEnglish
Pages (from-to)22-32
Number of pages11
JournalAsia-Pacific Journal of Taxation
Volume4
Issue number1
Publication statusPublished - 2000
Externally publishedYes

Fingerprint

Income taxation
Tax reform
China
Tax
Revenue
Tax system
Incentives
Infrastructure development
Momentum
Equity
Market economy
Foreign investment
Economics
Driving force
Tax burden
Foreign direct investment
Tax collection
Tax administration
Economic development

Cite this

@article{30282cb3a8aa4ee7a235a01eb086021a,
title = "International dimensions of income taxation in China : a critique",
abstract = "The impact of China's open-door policy on its economic development is far-reαching. Foreign direct investment (FDI) brought about by this policy has been the driving force behind the country’s economic rφrms. The 1994 tax reform, a direct response to the demand of a socialist market economy, achieved initial success, but left much to be desired. An efficient, equal, and neutral tax system is desirable in an ideal tax environment. Chinα's numerous tαx incentives, available only to foreign investment enterprises (FIEs), have become a rising source of tax inequality, and have proved to be costly in terms of revenue foregone. The equity objective has gαined momentum as China is under pressure to boost revenues, through further tax reform, to fund the major infrastructure development programme. It is suggested that further tax reforms in China be grounded in the principles of unifying tax laws, equalizing the tax burden, simplifying the tax system, and improving the efficiency of tax collection and administration.",
author = "LIN, {Kenny Z}",
year = "2000",
language = "English",
volume = "4",
pages = "22--32",
journal = "Asia-Pacific Journal of Taxation",
issn = "1027-5592",
number = "1",

}

International dimensions of income taxation in China : a critique. / LIN, Kenny Z.

In: Asia-Pacific Journal of Taxation, Vol. 4, No. 1, 2000, p. 22-32.

Research output: Journal PublicationsJournal Article (refereed)

TY - JOUR

T1 - International dimensions of income taxation in China : a critique

AU - LIN, Kenny Z

PY - 2000

Y1 - 2000

N2 - The impact of China's open-door policy on its economic development is far-reαching. Foreign direct investment (FDI) brought about by this policy has been the driving force behind the country’s economic rφrms. The 1994 tax reform, a direct response to the demand of a socialist market economy, achieved initial success, but left much to be desired. An efficient, equal, and neutral tax system is desirable in an ideal tax environment. Chinα's numerous tαx incentives, available only to foreign investment enterprises (FIEs), have become a rising source of tax inequality, and have proved to be costly in terms of revenue foregone. The equity objective has gαined momentum as China is under pressure to boost revenues, through further tax reform, to fund the major infrastructure development programme. It is suggested that further tax reforms in China be grounded in the principles of unifying tax laws, equalizing the tax burden, simplifying the tax system, and improving the efficiency of tax collection and administration.

AB - The impact of China's open-door policy on its economic development is far-reαching. Foreign direct investment (FDI) brought about by this policy has been the driving force behind the country’s economic rφrms. The 1994 tax reform, a direct response to the demand of a socialist market economy, achieved initial success, but left much to be desired. An efficient, equal, and neutral tax system is desirable in an ideal tax environment. Chinα's numerous tαx incentives, available only to foreign investment enterprises (FIEs), have become a rising source of tax inequality, and have proved to be costly in terms of revenue foregone. The equity objective has gαined momentum as China is under pressure to boost revenues, through further tax reform, to fund the major infrastructure development programme. It is suggested that further tax reforms in China be grounded in the principles of unifying tax laws, equalizing the tax burden, simplifying the tax system, and improving the efficiency of tax collection and administration.

UR - http://hkjo.lib.hku.hk/archive/files/2d398585a775437ebbcb96e2f0a4b86e.pdf

UR - http://commons.ln.edu.hk/sw_master/2684

M3 - Journal Article (refereed)

VL - 4

SP - 22

EP - 32

JO - Asia-Pacific Journal of Taxation

JF - Asia-Pacific Journal of Taxation

SN - 1027-5592

IS - 1

ER -