A Comparative Study On The Legal Systems Of Individual Income Tax In China And The Foreign Countries

Individual Income Tax plays an indispensable role in state revenue collection, fair distribution, economic control etc. With the development of the economy and adjustment of economic structure, the income level of resident is improving constantly. And the Individual Income Tax becomes an important tax category gradually. Contrast to this, however, the Individual Income Tax Law has not already been fit for situation now.The present situation that we are facing some problems in the area of individual income tax system has severely restricted the function and full development of itself and is incompatible with the economic growth.There are a lot of factors influencing result of Individual Income Tax. On the base of the wholly comparison on the legal systems of individual income tax in China and the foreign countries, This paper is to make an exploration of the comparison about the elements of individual income tax system among the USA, the Great Britain, the Japan, the Australia and such other countries from the aspects of, taxpayer, the range of objects of taxation, expense deductions, design of tax rate, levy and management of taxes. Available suggestions are to be made about the current individual income tax system based on experience we learn from other countries.