After joining the WTO, the direction of China's tax system reform

Author: Lu Renfa et al.
Publisher:
Publish Date: 2006-08-01
Features: On December 11, 2001, China officially became a member of the World Trade Organization (WTO). Joining the WTO not only further clarified the direction of China's socialist market economy system but also determined the inevitable trend of aligning China's market economy with the global market economy. It also mandated that China accelerate tax system reform to quickly adapt to the socialist market economy and align with international tax practices and rules. Against this backdrop, Lu Renfa, then president of the China International Taxation Research Association, along with other members of the association, developed the topic "The Direction of China's Tax System Reform After Joining the WTO" and submitted an application for the "National Social Science Fund Project" on December 28, 2001. After rigorous selection, the project was ranked as one of the top 100 national key projects. On August 30, 2002, the National Philosophy and Social Sciences Planning Office officially approved the project. After multiple discussions and revisions, the research was finally completed on June 30, 2005, and a proposal for project completion and evaluation was submitted on the same date. After evaluation by the expert review team organized by the National Philosophy and Social Sciences Planning Office, the project received a "Good" rating certificate for the "National Social Science Fund Key Project Completion" on December 30, 2005. Tax system reform is an important component of the national economic system reform. Studying tax system reform plans, proposing overall concepts, implementation strategies, and steps for tax system reform must, on one hand, be grounded in reality and align with China's fundamental direction and overall goals of socio-economic development, reflecting the inherent requirements of contemporary China's socio-economic development for tax system reform. On the other hand, it must adapt to the trends of tax systems worldwide and meet the demands of economic globalization and the new realities of international trade development. The report "The Direction of China's Tax System Reform After Joining the WTO" is divided into 13 chapters, including an evaluation of China's current tax system, the new challenges faced by the new round of tax system reform, the basic experiences and development trends in tax system construction of major market economies, and reform proposals for specific tax categories as well as tax administration system reform. These research reports are both realistic and forward-looking. A brief summary of the report's content is provided below.
[Editor's Recommendation] On December 11, 2001, China officially became a member of the World Trade Organization (WTO). Joining the WTO not only further clarified the direction of China's socialist market economy system but also determined the inevitable trend of aligning China's market economy with the global market economy. It also mandated that China accelerate tax system reform to quickly adapt to the socialist market economy and align with international tax practices and rules. Against this backdrop, Lu Renfa, then president of the China International Taxation Research Association, along with other members of the association, developed the topic "The Direction of China's Tax System Reform After Joining the WTO" and submitted an application for the "National Social Science Fund Project" on December 28, 2001. After rigorous selection, the project was ranked as one of the top 100 national key projects. On August 30, 2002, the National Philosophy and Social Sciences Planning Office officially approved the project. After multiple discussions and revisions, the research was finally completed on June 30, 2005, and a proposal for project completion and evaluation was submitted on the same date. After evaluation by the expert review team organized by the National Philosophy and Social Sciences Planning Office, the project received a "Good" rating certificate for the "National Social Science Fund Key Project Completion" on December 30, 2005.