A review of tax-sharing reform and related thoughts

• 来源期刊: 中国财政与经济研究（英文版）
• 关键词: tax-sharing system fiscal system transfer payment
• 年，卷（期）: 2014,（1）
• 页码范围: 27-39
• 页数: 13页
• 语种: 英文

摘要

Begun in 1994,tax-sharing reform in China has been a major adjustment to and innovation within the taxation and fiscal system.Yet,despite its sound policy effects on the economy,there is still room for improvement.This essay starts with a review of its implementation and problems over the past 20 years,and based on that,seeks to discuss some enablers of deeper fiscal reform.The essay also goes into details in the analysis of measures for completing a hierarchical fiscal system,making the division of administrative power more rational,having a clearer definition of centrally and locally owned revenues,optimizing the transfer payment system,and improving the fiscal system below the provincial level.