Title: On Tax neutral Principle in New Enterprise Income Tax of China
Abstract: Tax is a double-edged sword.Simple,rigid methods of revenue may distort the decisive role of market in the allocation of resources.In modem taxation,the government should adopt the tax neutral principle to keep revenue neutral; namely,taxation should not exert extra burden other than tax itself. Revenue neutral principle is justifiable in both jurisprudence and economics.This principle presents itself in Chinese New Enterprise Income Tax Law by simplifying the tax system,integrating concessions, clearing the tax base and avoiding duplication of taxation and so on.This change surely will help improve the efficiency of tax administration,promote economic development and it signifies that our concept of tax legislation is going towards rationalization and modernization.
Publication Year: 2008
Publication Date: 2008-01-01
Language: en
Type: article
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