Building a High-Standard Socialist Market Economy in all Respects and Reforming the Fiscal and Tax Systems
Building a high-standard socialist market economy in all respects is an important re-form goal made clear at the Third Plenary Session of the 20th CPC Central Committee,which high-lights the importance of further deepening the reforms in all respects in the new journey,with the re-form of the economic system as the leading force.Xi Jinping's economic thought,especially the re-lated exposition on the socialist market economic system,is the basic guideline for comprehending the profound connotation of building a high-standard socialist market economic system in all respects.The profound connotation should be grasped at five aspects:first,insisting on the decisive role of the market in resource allocation;second,insisting on the close integration of the socialist system with the market economy;third,insisting on the construction of a socialist market economic system sup-ported by the institutions;fourth,insisting on the establishment of a high-standard socialist market e-conomic system;and fifth,insisting on the completion of a comprehensive high-standard socialist mar-ket economic system.In the practical path,the fiscal and tax system is a key basic system for the socialist market economy,therefore,a new deployment of fiscal and taxation system reform is needed from the three aspects:the budget system,the tax system,and the relationship between the central and local finances to improve the macroeconomic regulation and optimize government governance,so as to contribute to the building of a high-standard socialist market economy in all respects.
socialist market economy systemreform of the financial and tax systembudget sys-temtax system