Sources of Income and Financial Autonomy of Local Self-government

An important feature of local self-government which differs from other public authorities should be the independence of its organs from the government system of administration. The empowerment of local communities, which takes place in all democratic states, has been achieved by giving the guarantee of autonomy to local self-government, including financial autonomy. These are fundamental assumptions of local self-government functioning. The subject of this paper is to present self-government, in the field of shaping the basic sources of public tasks. issues relating to the financial autonomy of loca of its financial supply in cash, enabling the performance

Preferential Policy and Tax Regulations Income Tax of Enterprises and Local Income Tax

*Newly-built joint ventures engaged in new and high technological enterprises shall enjoy a 15 percent reduction of income tax for two years, or a 24 percent reduction for two years and a 50 percent reduction in the following three years. A choice between the two may be decided by the said enterprises. **Service industry, those enterprises with a foreign capital of more than US$5 million shall be exempt from the tax

Different Scenarios of Property Taxation Reforms in Italy： Two Compared Proposals

Starting from the premise that Italian real estate taxation is inefficient and unnecessarily complex, the paper suggests two tax reforms. The first proposal puts forward progressive property taxation on the family basis; the second one suggests inferring a property income within the general calculation of the personal income tax. The common features of the two tax schemes are： the use of property market values instead of cadastral rents, a general reduction of the real estate local tax, a strong cutback of the stamp duties and registration fees applied to real estate transfers. A microsimulation model is employed to evaluate the impacts of the proposed taxation schemes. They both show, providing for a constant tax revenue, stronger redistributive effects.

On promoting the innovation of the urbanization system in Western China from the view of public finance and taxation

New Urbanization is a major strategic decision for building socialism with Chinese characteristics,which has a profound significance for the comprehensive moves towards the completion of building a moderately prosperous society,accelerating the process of socialist modernization.The development of new urbanization requires the support of relevant mechanisms and systems.According to documents released by the State Council of China,promoting the innovation of urbanization systems is a crucial component to the cause of new urbanization in 2015.Based on the new urbanization system stipulated in The National New Urbanization Plan(2014-2020),this paper chooses to analyze how the fund security mechanism promotes innovation of the urbanization system in Western China from the perspective of public finance and taxation.This paper analyzes the relationship between urbanization and fund security,the importance of public funding to urbanization,and the shortcomings of urbanization in terms of public funding and taxation.This paper also discusses how the urbanization system can be promoted by improving the institution of fiscal transfer payments and local tax systems.

Moving from Vision to Action: Case of Shenzhen Tax Service

Local tax services of the State Taxation Administration of China(STA),as direct service providers to taxpayers and fee-payers,can contribute to the cooperation of China with other Belt and Road Initiative(BRI)jurisdictions under the framework of the Belt and Road Initiative Tax Administration Cooperation Mechanism(BRITACOM).Guided by the STA,Shenzhen Tax Service(STS)is actively engaging in the development of the BRITACOM in an effort to achieve its vision,i.e.,building a growth-friendly tax environment.The STS aims to establish a win-win cooperation mechanism that could serve as a model among other local services.This article focuses on three major issues,i.e.,the significance,the actions and achievements as well as the future prospects of the STS to facilitate the long-term growth of the BRITACOM.