Volume 3, Issue 3, June 2015, Page: 162-171
Analysis on the Policy Effect of Replacing Business Tax with Added-Value Tax
Shaogang Liao, School of Public Finance and Public Administration, Jiangxi University of Finance and Economics.169#Shuanggang East Street, Nanchang, China
Ying Pan, School of Public Finance and Public Administration, Jiangxi University of Finance and Economics.169#Shuanggang East Street, Nanchang, China
Received: Feb. 17, 2015;       Accepted: Mar. 13, 2015;       Published: Apr. 17, 2015
DOI: 10.11648/j.ijefm.20150303.13      View  4658      Downloads  167
Abstract
In August 2013, the policy of replacing business tax with added-value tax (hereinafter referred to as VAT) was formally popularized to the whole national. It was an important measure of China comprehensively deepening the reform, readjusting the industrial structure and promoting the economic development. On the micro and macro aspects, the political effect of the policy of replacing business tax with VAT is analyzed in this paper from the time of trial implement to being carried out although the country. From the micro aspect, the analysis is based on the impact of the policy on the producers, consumers and the demand for labors. From the macro aspect, the analysis is based on the impact of the policy on the budget management system, industrial structure and fair income distribution. At the same time, the paper analyzes the problems, which appeared since the policy had been carried out for a year and gives some suggestions from the angles of actual operation and implementation. It could provide the beneficial reference to improve the policy of replacing business tax with VAT.
Keywords
Replacing Business Tax with VAT, Micro-Effect, Macro-Effect, Industrial Structure, Perfect Tax System
To cite this article
Shaogang Liao, Ying Pan, Analysis on the Policy Effect of Replacing Business Tax with Added-Value Tax, International Journal of Economics, Finance and Management Sciences. Vol. 3, No. 3, 2015, pp. 162-171. doi: 10.11648/j.ijefm.20150303.13
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