How Tax Policies Further Guide the Release of Residents'Consumption Potentiality
The low consumption rate of residents is a relatively prominent problem in China's macroeconomy at present,which is mainly reflected in the lack of residents'consumption capacity and the weak willingness of residents to consume.As one of the important macroeconomic control tools to promote the sustained recovery of the economy,tax policy has played an active role in guiding household consumption in recent years,but there is still room for improvement.Tax policies guiding and stimulating residents'consumption still needs to start from two aspects:enhancing residents'consumption capacity and improving residents'willingness to consume.We should optimize the income tax system and accurately implement tax incentives to further release residents'consumption potentiality.
Resident consumptionConsumption capacityConsumption willTax policyTaxes and fees reduction