Study on Optimization of the Adjustment Mechanism for the Allocation of Funds for Transferring Consumption Tax on Refined Oil Products

The reform of prices and taxes of refined oil products has great and far-reaching significance in financing the construction and maintenance of transportation infrastructure in accordance with the law and promoting the stable and healthy development of transportation. It has been more than ten years since the reform, and the tax collection method of the existing consumption income of refined oil products used for transportation in China has to be changed, and the distribution mechanism needs to be improved urgently. By sorting out the collection mechanism of the consumption tax on refined oil products used for transportation and the distribution mechanism of the transfer funds, this paper analyzes the problems of this mechanism according to the distribution and use of the transfer funds of the refined oil product tax reform. On this basis, this paper proposes the adjustment plan of the distribution mechanism at the level of the transfer funds supply of the consumption tax on refined oil products, according to the direction of the reform concerning the division of financial affairs.