Taxing Choices for Economic Growth with Social Justice and Environmental Protection in the People's Republic of China
Author: ANWAR SHAH
Published in PFM, Vol. 15 No. 4
This paper provides an analysis of the structure of existing taxes in the People?s Republic of China (PRC). The paper concludes that while the overall tax system is well structured, significant shortcomings remain especially to address concerns relating to growth with equity, environmental protection and having a sustainable system of local finances. Further the tax system must adapt to ever changing domestic and global economic environment to retain international competitiveness. Tax reform is also needed to deal with fallouts from unbridled growth such as environmental degradation, social exclusion, urban sprawl, food insecurity and widening vertical and horizontal income disparities. The paper provides pathways to the reform of central and local taxation that attempt to address the above challenges.
Subscribers: Login to read this article
Guests: Subscribe to PFM, or purchase individual article access for $10.
The article is not available for automatic download. We will email the article to you as a PDF file upon receiving your payment, typically within 24 hours.