Some Reflections on the Role of Taxation in Promoting Common Prosperity
The 20th National Congress of the Communist Party of China pointed out that it is necessary to comprehensively promote the great rejuvenation of the Chinese nation and achieve modernization for the common prosperity of all people through Chinese Path to Modernization.The scope of taxation in promoting common prosperity is extensive,the means are diverse,and the effect is precise.In the new era and new journey,the key points for taxation to further promote common prosperity are given as follows:first,strengthening the role of tax regulation in primary distribution,including optimizing the VAT system by merging the three tax rates into two and increasing the strength of VAT credit refund,and reforming the corporate income tax system to increase the additional'deduction ratio for market entities'R&D expenses and enhance tax reduction for technology transfer income;secondly,strengthening the guiding role of taxation in redistribution,including expanding the scope of comprehensive income taxation for individuals and improving the special additional deduction policy for personal income tax;thirdly,enhancing the role of tax incentives in tertiary distribution,including increasing the pre-tax deduction ratio for corporate and individual charitable donations,simplifying the process for enjoying tax benefits,introducing regulations for physical donation deductions and implementing tax preferential policies for charitable trusts.
Common ProsperityThree-Tier DistributionTax IncentivesHigh-Quality Development
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维普
