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

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