Finance Minister Liu on Taxation System Reform in China

The new taxation system has beenoperated smoothly and its positiveresults have become evident since Chinacarried out the reform of the taxation systemin 1994.This was said by Mr.Liu Zhongli,Finance Minister and Director-General ofthe State Administration of Taxation at apress conference recently.The new taxationsystem brought RMB100 billion more to theTreasury in 1994,and the figure is expectedto be bigger in 1995,he disclosed. The minister said that the state hasadopted an appropriately tight financial

THE PROBLEMS AND MEDITATION OF PRACTICING NEWTAXATION SYSTEM PRACTICED IN FORESTRY

After the new taxation system was practiced, the burden of forestry taxation was increased generally. How to extricate oneself from a predicament, it needs to draft tax reduction by the government. The revenue of both forestry products and multiple management should be exempted from taxation, the timber products logs of forest industry shouldn’t be imposed added-value tax, 8 percent tax on special products of agriculture and forestry levied by enterprise acting for tax bureau should be is delayed to pratice, the fund of for silviculture shouldn’t be imposed duties as taxable service.

Taxation Models and Improvement Proposals for Personal Income Tax in the Sharing Economy

As an innovative economic model,the sharing economy has seen rapid growth globally in recent years.It has not only brought a profound impact on traditional economies but also injected new vitality and momentum into the sustainable development of the social economy.However,for the sharing economy,the process of collecting personal income tax is facing several issues,such as the ambiguity of tax policies regarding personal income,challenges in identifying taxpayers,and difficulties in defining income.To achieve the fairness and efficiency of personal income tax collection in the sharing economy,this study proposes optimized regulatory mechanisms and conducts in-depth discussions on the adjustment of personal income tax policies,innovation in tax management technology,and improvement in the quality of personal income tax services.

LE DEMI-SICLE, DE MOÏSE AU FISCUS IUDAICUS. HISTOIRE D’UNE TÉLÉOLOGIE

Many sources are brought together in scholarship in order to write the linear story of a specific tax,the half shekel tax paid each year by the Jews to the Temple of Jerusalem and,then,confiscated by the fiscus Iudaicus in Roman times.But do these sources refer to the same tax?In this paper,I defend the idea that the linearity of this story is a fiction.Many taxes were levied and justified by the memory of a Biblical tax,but they are all different in meaning,in administration and sometimes even in value.The story is a political one:how to justify a tax in ancient Judaism?

Economy Function in the Mode of Sustainable Development

To implement the previously formulated principles of sustainable economic development, all solutions of the linear system of equations and inequalities, which are satisfied by the vector of real consumption, are completely described. It is established that the vector of real consumption with the minimum level of excess supply is determined by the solution of some quadratic programming problem. The necessary and sufficient conditions are established under which the economic system, described by the “input-output” production model, functions in the mode of sustainable development. A complete description of the equilibrium states for which markets are partially cleared in the economy model of production “input-output” is given, on the basis that all solutions of system of linear equations and inequalities are completely described. The existence of a family of taxation vectors in the “input-output” model of production, under which the economic system is able to function in the mode of sustainable development, is proved. Restrictions were found for the vector of taxation in the economic system, under which the economic system is able to function in the mode of sustainable development.

The Impact of Tobacco Taxation Policy on Slim Cigarette Use and the Growing Popularity of Slim Cigarettes in China Since 2014

Introduction: In 2016, China became the largest market for slim cigarettes in the world, selling 68.945 billion sticks. The purpose of this study is to examine the impact of China’s 2015 tobacco taxation policy on slim cigarette consumption and the product’s market trends. Methods: Monthly data on the market share of slim cigarettes and their average price between January 2014 and June 2017 were used to show tobacco market trends and to estimate the impact of the 2015 tobacco tax increase on tobacco consumption. Segmented regression analysis was used to estimate the immediate effect of the 2015 tax policy and the time trends in consumption due to the policy change. Findings: After the tobacco tax increase was announced in May 2015, the market share of slim cigarettes initially decreased by 0.2117 (p = 0.067). However, by the third month after the policy change, consumption began to increase, and the market share of slim cigarettes was 1.6 times the normal increase over time. Slim cigarettes gained a 2.02% additional share by the second quarter of 2017 (from 2.58% to 4.60%), controlling for the price difference between slim cigarettes and regular cigarettes. The coefficient of the share and the price ratio (slim cigarettes/regular cigarettes) was ?0.7536 (p = 0.0044), suggesting that slim cigarettes are a substitute for regular cigarettes. Estimates also show that after the tax increase was implemented, consumption of slim cigarettes increased almost three times the normal consumption rate (0.0069 versus 0.0024). Conclusion: The slim cigarette industry in China has grown rapidly in recent years. The 2015 tax increase has had only minimal or short-term impact on reducing the growing popularity of slim cigarettes. Since slim cigarettes are a substitute for regular cigarettes, more empirical research is urgently needed to study the health impacts of slim cigarette use and the impact of tobacco control policies on slim cigarette consumption.

The WTP Method as an Index of Taxation for Environmental Restoration in the City of Thessaloniki in Greece

The purpose of this study is to provide an evaluation of the possible criteria used by the people of Thessaloniki for the evaluation of public goods and the investigation of the benefits of the conservation and restoration of city structures affected by carbon monoxide.These benefits are expressed in monetary units by using the CVM(Contingent Valuation Method).The maintenance of the urban environment often entails excessive costs paid by the people through taxation.A city free of aesthetic pollution results in an increase in tourism.A portion of taxation paid by the citizens is allocated to cleaning the city.An increase in tourism provides the government with additional revenue through VAT(Value Added Taxes).The increase in the money supply is not significant enough to affect the inflation rate,but gives the government additional revenue for the maintenance of the city and additional resources to service the national debt.The evaluation of these public goods cannot be expressed in the private sector,so authors applied a modified version of the CVM which is a survey-based technique used in experimental economics.The study sample was 100 citizens of Thessaloniki.The objective of this study was to determine the citizens’of Thessaloniki WTP(Willingness To Pay)for this public goods.Furthermore,the objective of this study was to investigate the willingness of the citizens to pay more taxes for the conservation/restoration of building facades in the historic sectors of Thessaloniki.The main findings show that in a large proportion,28%of the interviewees are willing to pay,but those that are willing to pay significant amounts tend to prefer mild interventions to the buildings,while those(42%)that agree with minimal to null amount demand radical intervention.The latter group,also,considers any contribution of theirs to restoration as unfair,judging that this expenditure should be covered exclusively by the State.Last but not least,from a sociopsychological point of view,this attitude could be attributed to extreme personalities which tend to prefer more holistic and direct solutions(i.e.,no mixed strategy involving people and the State is acceptable by interviewees who considered themselves as having no further obligations after regular tax-paying);as a result,they think that the State is exclusively responsible to resolve the situation.

Tax Education:Balance Between Direct and Indirect Taxation,Establishment of the OECD and Examination of Its Application to the Tax Rates of Greece

The purpose of this paper is the analysis and interpretation of taxation(direct-indirect)in the context of Tax Education,as well as the promotion of social justice involved in direct taxes as opposed to indirect.Initially,a theoretical approach is taken to the general concepts and principles that govern tax law.Then the Greek tax and fiscal system is presented,in combination with the harmonization of tax legislation under EU(Community)law in accordance with the OECD(Organization for Economic Cooperation and Development)directives.Reference is made to those characteristics that demonstrate the incorporation of the Agency’s directives so far.Any future modification or reform of the national tax system should incorporate the fundamental principles of national tax policy but also be in line with OECD principles and guidelines.Further implementation of the Agency’s recommendations will shift the balance between direct and indirect taxation,leading to the strengthening of the former and the reduction of the latter.Direct taxes have been rising steadily in recent decades compared to indirect taxes,especially in developed countries.The main reason is that direct taxation is socially fair and efficient.Any future modification or reform of the national tax system should incorporate the fundamental principles of national tax policy but also be in line with OECD principles and guidelines.Further implementation of the Agency’s recommendations will shift the balance between direct and indirect taxation,leading to the strengthening of the former and the reduction of the latter.Direct taxes have been rising steadily in recent decades compared to indirect taxes,especially in developed countries.The main reason is that direct taxation is socially fair and efficient.

A study on fiscal and taxation policies for ecological compensation

It is pointed out that it is necessary to speed up the reform of ecological civilization system, promote green development and build a strategic plan for China. Ecological compensation is a management measure that regulates the balanced development of economy and ecological environment, and fiscal policy is an important means in ecological compensation. Based on the fiscal and taxation policies of ecological compensation, this paper draws on the current situation and existing problems of current ecological compensation machine in China from three aspects: fiscal expenditure, tax policy and charging policy, based on various theories of ecological compensation taxation policy at home and abroad. In the end, it makes relevant policy recommendations.

Review of Taxation Work in 2005 and Plans for 2006

In 2005,China's total tax revenue topped 3.0866 trillion Yuan (excluding tariffs and agricultural taxes), up 20%and 514.8 billion Yuan over 2004 and exceeding 3 trillion Yuan for the first time. During the 10th five-year plan period,the total tax revenue remitted into the state coffer amounts to 10.9217 trillion Yuan, with an average annual increase of 19.5%; and the revenue in the fifth year more than doubles that in the first year. The fast and steady growth of the tax revenue in pace with the economic growth has greatly enhanced the country's financial strength and provided solid financial guarantee for the country's efforts to build a well-off society in an all-round way.……

Policy on Taxation for Foreign Investment in BOT Projects

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Taxation in a Decentralized Value Added Tax Regime: Implications for States in Nigeria

The study examined the implication of a decentralized Value Added Tax system for states in Nigeria.It is a theoretical presentation that made is made of journals,articles,and data from the National Bureau of Statistics(NBS)accessed on Google Scholar Websites.A total of eighty(80)articles were accessed.Results from a theoretical review revealed that while few states in Nigeria are in favor of a decentralized VAT administration in the country,quite a number of them(States)are averse to the new VAT regime due to differences among the states in terms of volume of business activities and economic power as many of the states rely on federal allocation.The study,therefore,recommends Partial Decentralization(PD)of VAT administration in Nigeria as a measure of autonomy for states that will guarantee fairness in resource control in the Nigerian Society.

Less Taxes, Better Taxation The latest amendment to China’s Individual Income Tax Law eases taxpayers’ burden and improves tax equality

The latest amendment to China's Individual Income Tax Law eases taxpayers'burden and improves tax equality.

Research on Optimizing the Tax Business Environment - Taking Shunde Taxation Bureau's Innovation Reform as an Example

Since 2013,optimizing the business environment has become China's national strategy.In recent years,the Party and the government have continuously introduced a series of new measures such as the'"streamline administration,delegate power,strengthen regulation,and improve services55 reform to promote the continuous optimization of the business environment.As an important part of the business environment,the tax business environment is of great significance to improve the business environment and promote economic development.By analyzing the current situation of the tax business environment in China,this article discusses the existing problems in the process of optimizing tax business environment in China.Taking Shunde Taxation Bureau's innovative reform of tax business environment optimization as an example,this article introduces the practical innovation and promotion of optimizing tax business environment from four aspects:promoting convenience,digitalization,legalization,and intensive reform,in order to provide relevant experience for the optimization of tax business environment in other areas of China.

Income Taxation of Representative Offices in China

Doing business in China, while lucrative, can be a minefield to the uninitiated. This regular column by Deloitte will provide specific information to give businesspeople the tools they need to facilitate this process.

Income Taxation of Foreign Invested Partnerships in China

Doing business in China, while lucrative, can be a minefield to the uninitiated. This regular column by Deloitte will provide specific information to give businesspeople the tools they need to facilitate this process.

Does higher tax rate affect tobacco usage?Unravelling the nexus between tobacco regulatory control and public health concern

Objectives:Bangladesh stands as a prominent global consumer of tobacco,with alarming consequences on public health.The Global Adult Tobacco Survey reported that tobacco consumption claimed over 126000 lives in 2018,contributing to 13.5%of all deaths in the country.This study aims to explore the effectiveness of higher tax rates and tobacco use regulation as control mechanisms in mitigating tobacco consumption and health care cost burden,with a particular emphasis on its implications for public health.Methods:This study is based on the annual time series data over the period 2000-2020.The study employs the ordinary least square method to analyze the quantitative confirming the stationarity of data at level.This research uses different models to investigate individual effects and combined effects on both tobacco consumption and tobacco health care cost burden.Results:The study finds a negative relationship between tobacco tax rate and tobacco consumption.More specifically,the higher tax rate of tobacco(low(β=-0.3495),medium(β=-0.2319),high(β=-0.9033),premium(β=-0.7322),filtered(β=-0.2114),and non-filtered(β=-0.3452)categories)is significant to reduce tobacco use at 1%level of significance.The study finds similar results when it applied tobacco retail price instead of tobacco tax rate as the independent variable.Finally,the study investigates the impact on health care cost through tobacco consumption,tobacco control law,growth rate,export-import,and tobacco production.The results indicate that tobacco consumption,export-import,and tobacco production increases health care cost burden while tobacco use regulatory decreases it.By reducing tobacco consumption,higher taxes and tobacco use regulation contribute to alleviating the burden on the healthcare system,promoting healthier lifestyles,and aligning with global health objectives.Conclusions:Higher tax rate on tobacco products is necessary to increase the retail price so that tobacco users cannot consume tobacco.Specific tax and uniform tax base are needed so that tobacco users cannot switch to lower priced brands.Tobacco control laws need to revised and proper implementation should be ensured as well,to achieve the goal of tobacco free Bangladesh by 2040.Tobacco-related diseases,responsible for a significant proportion of deaths in the country,could witness a considerable decline with the successful implementation of higher tax rates and tobacco use regulation.This study provides insights that not only contribute to the economic discourse but also accentuate the broader public health benefits arising from effective tobacco taxation policies.