China’s emerging tax regime: Devolution, fiscal federalism, or tax farming?
January 2004
Research Paper
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China like other transition economies needs to establish a tax regime compatible with a market economy. The paper singles out the general and China-specific features by which national legislation attempts to accompany economic transformation. Based on an empirical study in two provinces this paper shows that without including local government agencies and their budgets, China’s fiscal federalism cannot be analysed. This paper argues that China’s emerging tax regime depends on the institutional design that shapes the interaction between firms (as major tax payers at the local level), local government agencies, and the national tax administration.
Keywords
Classifications using
Journal of Economic Literature (JEL) Classification System
- P35 : Public Economics
- H70 : State and Local Government; Intergovernmental Relations: General
- F23 : Multinational Firms; International Business
- M14 : Corporate Culture; Social Responsibility
- M : Business Administration and Business Economics; Marketing; Accounting
- H20 : Taxation, Subsidies, and Revenue: General
Automatically Extracted Terms
- revenue
- government
- china
- township
- government agencies
- agency
- tax revenue
- state
- level
- system
- income
- taxation
- budget
- tax system
- tax regime
- sub-provincial government agencies
- reform
- tax rates
- administration
- transfer
