Book contents
- China’s Public Finance
- Endorsement on Back Cover
- China’s Public Finance
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Preface
- About the Author
- 1 An Overview of China’s Public Finance
- 2 The Fall and Rise of Government Revenue
- 3 Value-Added Tax, Consumption Tax, and Other Taxes on Goods and Services
- 4 Individual Income Tax Reforms
- 5 Corporate Income Tax in China
- 6 The Size and Structure of Government Expenditure
- 7 Infrastructure Development and Financing
- 8 Social Security Reforms
- 9 Healthcare Reforms
- 10 China’s Growing Local Government Debt
- 11 Fiscal Relationship between the Central and Local Governments
- 12 Fiscal Reform for Equitable and Sustainable Growth
- References
- Name Index
- Subject Index
5 - Corporate Income Tax in China
Published online by Cambridge University Press: 22 September 2022
- China’s Public Finance
- Endorsement on Back Cover
- China’s Public Finance
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Preface
- About the Author
- 1 An Overview of China’s Public Finance
- 2 The Fall and Rise of Government Revenue
- 3 Value-Added Tax, Consumption Tax, and Other Taxes on Goods and Services
- 4 Individual Income Tax Reforms
- 5 Corporate Income Tax in China
- 6 The Size and Structure of Government Expenditure
- 7 Infrastructure Development and Financing
- 8 Social Security Reforms
- 9 Healthcare Reforms
- 10 China’s Growing Local Government Debt
- 11 Fiscal Relationship between the Central and Local Governments
- 12 Fiscal Reform for Equitable and Sustainable Growth
- References
- Name Index
- Subject Index
Summary
Chapter 5 studies the corporate income tax. Revenue from corporate income tax has been increasing in China which is at odds with the worldwide trend. Unlike the individual income tax, the corporate income tax accounted for a large proportion of total tax revenue in China. The reasons for this unusual phenomenon are thoroughly analyzed in this chapter. It also examines corporate income taxes from various industries and from various enterprises such as SOEs, domestic private enterprises and foreign enterprises, and compares the corporate income taxes in various provinces. Policy suggestions are provided at the end of this chapter, such as reducing the corporate income tax to stimulate investment and economic growth and eliminating excessive preferential corporate income tax policies to put all enterprises on equal ground for competition.
- Type
- Chapter
- Information
- China's Public FinanceReforms, Challenges, and Options, pp. 127 - 162Publisher: Cambridge University PressPrint publication year: 2022