Research On The Chinese Policy Of The Refunded Tax On Exports

In the circle of economics, there exist heated debates on whether the policy of the refunded tax on exports is the neutral taxation policy or an instrument of trade policy. Through the detailed research in the policy of the refunded tax on exports in the domestic and international environment, this paper has put forward the idea that emphasis should be placed on both neutral and non-neutral aspects of the policy of the refunded tax on exports and meanwhile that the policy should retain the harmonious condition of promoting the development of the market economy as well as working as an instrument of international trade.This paper is divided into five chapters. Chapter one reviews the general background of the Chinese policy of the refunded tax on exports.Chapter two gives the introduction of five ways of dealing with the refunded tax on exports in China and the usual practice and experience of other countries in this area.Chapter three analyzes the general effect of the refunded tax on the national economy including the effect of total volume and structure. The fluctuation of the rate of the refunded tax on exports will influence the demands of exports, invite the change of GDP and transform the way of the increase of trade. The practice of differential rate of the refunded tax on exports will optimize the industrial structure and adjust the local economic structure.