For a long period of time, China’s tax system fails to regulate the national income distribution and narrow the social gap between rich and poor play its due role, instead it aggravates the national income inequality. For enterprises, the tax burden is equally heavy, leading to deterioration of business prospects, and causing low investment will. Anbound Think Tank’s research team believes that it is time to start or move ahead with the corresponding tax reform. This year’s fiscal development also requires steady progress in tax reform, promoting reform and transformation, to ensure that China’s economic future can access to institutional advantages in order to achieve developmental balance.
