Title: On the Improvement of Tax Decentralization System Through Legislation
Abstract: The tax decentralization system is of importance to China's financial administration. Looking back briefly on the historical development of the system, the main problems of the system are discussed with respect to legislation, such as lack of an overall legislation for taxation, the tax portion the local taxation authorities have a right to levy is rather small,unreasonable division of the taxation rights between local and central authorities especially the transfer payment which is to be legislated. In view of the actuality in China, some suggestions are put forward for legislation, i.e., formulate a basic law for taxation as the basis on which the tax decentralization system will be further improved, give local authorities a proper right in taxation, divide more reasonably the taxation right between local and central authorities concerned and formulate the law of transfer payment.
Publication Year: 2005
Publication Date: 2005-01-01
Language: en
Type: article
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