Cracking the “Tough Nut” of Tax Reform: Gradually Increasing the Direct Tax Ratio and Building the Local Tax System
摘要
After 40 years of reform and opening-upreform and opening-up, the direct tax, viewed as a weak point in China's tax system, has received growing attention from policymakers. Nevertheless, the difficulty of cracking this tough nut is becoming increasingly evident. This chapter examines the real estate taxreal estate tax, the personal income taxpersonal income tax, inheritance and gift taxesinheritance and gift taxes, and the strategies for building the local tax systemlocal tax system.