The fundamental reason that all levels of government must share the VAT credit re-funds is that the inter-regional transfer of the VAT burden causes taxpayers'tax refunds to be incon-sistent with the tax collection locations,which in turn causes the governments that collect taxes and those that pay for the tax refunds to be inconsistent.The fiscal imbalance between governments would worsen if the VAT credit refunds are not distributed fairly among all levels of government.Currently,the general principle of the VAT credit refunds sharing in China is that the sharing ratio of each level of government is in line with the ratio of VAT revenue sharing,but many problems have arisen in the im-plementation of the policy.Solving the problem of revenue distribution arising from inter-regional transfer of VAT is crucial to the success or failure of the VAT credit refunds reform.Starting from the theories of fiscal decentralization,fiscal balance,fiscal and tax legislation,and distributive justice,it is helpful to clarify the internal logic of the sharing of the VAT credit refunds among all levels of governments,draw on the experience of the reform of China's export tax refunds sharing mechanism,and use the reform of the sharing of the VAT credit refunds among sub-provincial governments as a breakthrough point,so as to help form a scientific and standardized mechanism of sharing of the VAT credit refunds by means of systematized and rule-of-law-based reform measures.
VAT lawVAT credit refundsFiscal sharingEquitable distribution of revenue
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