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The Imperative Need for Tax Reform in China and Its Impact on Advancing Social Civilization

by Bing Chen 1,*
1
Shanghai Maritime University, Shanghai, China
*
Author to whom correspondence should be addressed.
EMGBS  2024 3(1):16; https://doi.org/10.69610/j.emgbs.202412311
Received: / Accepted: / Published Online: 31 December 2024
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Abstract

This paper delves into the distinctions between China's and the United States' tax systems, underscoring the pressing requirement for tax reform in China. It scrutinizes the potential of these reforms to propel the evolution of social civilization, emphasizing equity, efficiency, and the digital metamorphosis of tax governance.

Introduction: The tax systems of China and the United States are divergent, mirroring their economic frameworks and policy priorities. The U.S. tax system prioritizes direct taxes, focusing on individual taxation and income redistribution. Conversely, China's system, with its emphasis on indirect taxes, is predominantly geared towards fiscal revenue collection from businesses. This comparative analysis unveils the imperative for China's tax system to adapt in accordance with global benchmarks and the burgeoning digital economy, and imagines the future of taxation in the coming eras

Keywords: tax system; tax reform; social civilization; digital taxation; equitable; social equity; AI; AGI; ASI; UBI;
Copyright: © 2024 by Chen. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
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APA Style
Chen, B. (2024). The Imperative Need for Tax Reform in China and Its Impact on Advancing Social Civilization. Economic Management & Global Business Studies, 3(1), 16. doi:10.69610/j.emgbs.202412311
ACS Style
Chen, B. The Imperative Need for Tax Reform in China and Its Impact on Advancing Social Civilization. Economic Management & Global Business Studies, 2024, 3, 16. doi:10.69610/j.emgbs.202412311
AMA Style
Chen B. The Imperative Need for Tax Reform in China and Its Impact on Advancing Social Civilization. Economic Management & Global Business Studies; 2024, 3(1):16. doi:10.69610/j.emgbs.202412311
Chicago/Turabian Style
Chen, Bing 2024. "The Imperative Need for Tax Reform in China and Its Impact on Advancing Social Civilization" Economic Management & Global Business Studies 3, no.1:16. doi:10.69610/j.emgbs.202412311
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ACS Style
Chen, B. The Imperative Need for Tax Reform in China and Its Impact on Advancing Social Civilization. Economic Management & Global Business Studies, 2024, 3, 16. doi:10.69610/j.emgbs.202412311
AMA Style
Chen B. The Imperative Need for Tax Reform in China and Its Impact on Advancing Social Civilization. Economic Management & Global Business Studies; 2024, 3(1):16. doi:10.69610/j.emgbs.202412311
Chicago/Turabian Style
Chen, Bing 2024. "The Imperative Need for Tax Reform in China and Its Impact on Advancing Social Civilization" Economic Management & Global Business Studies 3, no.1:16. doi:10.69610/j.emgbs.202412311
APA style
Chen, B. (2024). The Imperative Need for Tax Reform in China and Its Impact on Advancing Social Civilization. Economic Management & Global Business Studies, 3(1), 16. doi:10.69610/j.emgbs.202412311

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References

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