Executive Summary:
This study delves into the evolution and impact of tax reform in China over the past decade. With finance and taxation being central to national governance, the modernization of the tax system holds a pivotal role in a country’s advancement. The paper scrutinizes the comprehensive changes resulting from the full implementation of value-added tax reform, the transition of individual income tax from classification to comprehensive structures, and reforms concerning resource tax, environmental protection tax, and the “three taxes.” By tracing the historical trajectory of China’s tax system from traditional to modern approaches, the research evaluates how these reforms align with new development paradigms and the establishment of a new tax system model.
The analysis underscores the profound significance of China’s tax reform in propelling economic transformation, fostering fair income distribution, and nurturing high-quality development. Furthermore, the study explores strategies for aligning tax reform with the core requisites of Chinese-style modernization and its role in serving high-quality development. Emphasizing the symbiotic relationship between tax modernization and the broader context of Chinese-style modernization, the research underscores how tax reforms can effectively bolster the nation’s pursuit of a modernized and equitable society while facilitating sustained high-quality development.