IDEAS home Printed from https://ideas.repec.org/a/bpj/cferev/v11y2022i2p117-128n5.html
   My bibliography  Save this article

Consumption Tax Reform in Accelerating the Establishment of a New Development Paradigm

Author

Listed:
  • Zhang Deyong

    (Research Professor at the National Academy of Economic Strategy, Chinese Academy of Social Sciences. Beijing, China)

Abstract

Accelerating the establishment of a new development paradigm in which domestic and overseas markets reinforce each other, with the domestic market as the mainstay, has posed new requirements for deepening the consumption tax reform. Therefore, we need to focus on accelerating the establishment of a new development paradigm, combined with the establishment of a modern fiscal and tax system and tax attributes, and make effective institutional arrangements for comprehensively promoting consumption, expanding domestic demand and then forming a strong domestic market. It is meaningful to reduce tax on consumer goods involved in upgrading consumption to meet people’s needs for a better life and to raise tax on high energy-consuming, highly polluting and unhealthy consumer goods to enhance the regulatory role of consumption tax and to promote the overall optimization and upgrading of the industrial structure. The revenue of consumption tax on key tax items (categories) should belong to the central government to facilitate the smooth flow of the economic circulation.

Suggested Citation

  • Zhang Deyong, 2022. "Consumption Tax Reform in Accelerating the Establishment of a New Development Paradigm," China Finance and Economic Review, De Gruyter, vol. 11(2), pages 117-128, September.
    • Handle: RePEc:bpj:cferev:v:11:y:2022:i:2:p:117-128:n:5
    DOI: 10.1515/cfer-2022-0013
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/cfer-2022-0013
    Download Restriction: no
    File URL: https://libkey.io/10.1515/cfer-2022-0013?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:cferev:v:11:y:2022:i:2:p:117-128:n:5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.