Since 1998,following the central government’s adoption of the pro-active fiscal policy to combat deflation,the call for tax cuts has never ceased.Debates on whether to cut taxes have occurred at almost every annual c...Since 1998,following the central government’s adoption of the pro-active fiscal policy to combat deflation,the call for tax cuts has never ceased.Debates on whether to cut taxes have occurred at almost every annual central economic conference.The taxation authorities are now strengthening tax collections and tax revenue is rapidly increasing.Yet again,discussions on tax cuts increase in intensity.展开更多
The existing explanations for President Trump’s decision to trigger a trade war with most of America’s trading partners are not sufficient.The less explored motivation,we argue,is to raise income for the federal gov...The existing explanations for President Trump’s decision to trigger a trade war with most of America’s trading partners are not sufficient.The less explored motivation,we argue,is to raise income for the federal government through tariffs in order to balance the surging fiscal deficit caused by Trump’s bold tax cut policy since December 2017.The repeated increase in interest rates by the Federal Reserve throughout 2018 is leading to sharp increase in the cost of servicing America’s US$21 trillion and growing debt,which means that debt servicing would soon become the biggest outlay of the US government.This new explanation implies that the US will need additional sources of income like tariffs in order to balance its budget,and tariffs on Chinese products is viewed as a main source of such income.China should,therefore,rethink its strategy in seeking a resolution for the trade war.展开更多
In recent years,the risks and challenges at home and abroad have increased significantly,and the downward pressure on the economy has increased,especially the implementation of larger-scale tax and fee cuts under the ...In recent years,the risks and challenges at home and abroad have increased significantly,and the downward pressure on the economy has increased,especially the implementation of larger-scale tax and fee cuts under the proactive fiscal policy,while the rigidity of local fiscal expenditure has not been reduced,and the sustainable development of local finance is facing greater challenges.In particular,the COVID-19 pandemic has had a serious impact on the already stressed local finance,which has led to the intensifi ed contradiction between local fiscal revenue and expenditure.This paper analyzes the challenges to the sustainable development of local finance under the impact of COVID-19 from four angles:the greater economic downward pressure combined with larger-scale tax and fee cuts,the fiscal relationship between the central and local governments,land finance,and transfer payment,then puts forward the corresponding policy recommendations.展开更多
Malaysia has a set of"blessed advantages"over other members of ASEAN in terms of fiscal incentives,environmental perspectives and established infrastructures.MNEs are welcome to invest in Malaysia as they co...Malaysia has a set of"blessed advantages"over other members of ASEAN in terms of fiscal incentives,environmental perspectives and established infrastructures.MNEs are welcome to invest in Malaysia as they could generate substantial income at the expense of significant tax benefits,compared with local companies.The proceeds of business can be diversified into venture capitals and private equities,earning sustainable investment returns and large capital gains upon realisation.Despite tax forgone,Malaysia continues furthering tax incentives to attract FDI.展开更多
Tax and fee cut is an important policy tool to reduce the tax burden of enterprises and individuals,enhance their vitality and thus promote high-quality development.This article makes a brief introduction to China’s ...Tax and fee cut is an important policy tool to reduce the tax burden of enterprises and individuals,enhance their vitality and thus promote high-quality development.This article makes a brief introduction to China’s new tax and fee sup-port policies since the beginning of 2022,as well as its mechanism to ensure that tax and fee payers enjoy the benefits of these supportive policies directly and efficiently.These policies have achieved significant effects,benefiting enterprises and individuals and helping promote economic and social development.展开更多
文摘Since 1998,following the central government’s adoption of the pro-active fiscal policy to combat deflation,the call for tax cuts has never ceased.Debates on whether to cut taxes have occurred at almost every annual central economic conference.The taxation authorities are now strengthening tax collections and tax revenue is rapidly increasing.Yet again,discussions on tax cuts increase in intensity.
基金This study was financially supported by the Ministry of Education of the People’s Republic of China.
文摘The existing explanations for President Trump’s decision to trigger a trade war with most of America’s trading partners are not sufficient.The less explored motivation,we argue,is to raise income for the federal government through tariffs in order to balance the surging fiscal deficit caused by Trump’s bold tax cut policy since December 2017.The repeated increase in interest rates by the Federal Reserve throughout 2018 is leading to sharp increase in the cost of servicing America’s US$21 trillion and growing debt,which means that debt servicing would soon become the biggest outlay of the US government.This new explanation implies that the US will need additional sources of income like tariffs in order to balance its budget,and tariffs on Chinese products is viewed as a main source of such income.China should,therefore,rethink its strategy in seeking a resolution for the trade war.
文摘In recent years,the risks and challenges at home and abroad have increased significantly,and the downward pressure on the economy has increased,especially the implementation of larger-scale tax and fee cuts under the proactive fiscal policy,while the rigidity of local fiscal expenditure has not been reduced,and the sustainable development of local finance is facing greater challenges.In particular,the COVID-19 pandemic has had a serious impact on the already stressed local finance,which has led to the intensifi ed contradiction between local fiscal revenue and expenditure.This paper analyzes the challenges to the sustainable development of local finance under the impact of COVID-19 from four angles:the greater economic downward pressure combined with larger-scale tax and fee cuts,the fiscal relationship between the central and local governments,land finance,and transfer payment,then puts forward the corresponding policy recommendations.
文摘Malaysia has a set of"blessed advantages"over other members of ASEAN in terms of fiscal incentives,environmental perspectives and established infrastructures.MNEs are welcome to invest in Malaysia as they could generate substantial income at the expense of significant tax benefits,compared with local companies.The proceeds of business can be diversified into venture capitals and private equities,earning sustainable investment returns and large capital gains upon realisation.Despite tax forgone,Malaysia continues furthering tax incentives to attract FDI.
文摘Tax and fee cut is an important policy tool to reduce the tax burden of enterprises and individuals,enhance their vitality and thus promote high-quality development.This article makes a brief introduction to China’s new tax and fee sup-port policies since the beginning of 2022,as well as its mechanism to ensure that tax and fee payers enjoy the benefits of these supportive policies directly and efficiently.These policies have achieved significant effects,benefiting enterprises and individuals and helping promote economic and social development.
