Research On Policy Adjustment Of China's Export Tax Refund At The Present Stage

The core issue of the thesis is the feasibility and effectiveness of the current tax refund policy (hereinafter referred to as TRP) as instrument of macro control and regulation. That is, can TRP under the current macro circumstances take on its responsibility and how much role can it plays in the macro regulation? Focusing on this theme, the thesis is divided into five chapters, with the outline of which is as follows:Chapter 1,"The Economic Environment of the TRP,"analyzes the transformation of the development strategy of China's foreign trade after the mechanism reform of RMB exchange rate, especially the impact of the RMB appreciation on the economy and the regulation function of the TRP in export.Chapter 2,"The Feasibility Study on TRP as Regulation Instrument,"summarizes the basic framework of the TRP at first. After comparison between the TRP and monetary policy, it then comes to the conclusion that TRP is more applicable than the monetary policy and is an alternative of soothe the pressure of RMB appreciation.Chapter 3,"The Effectiveness Study on TRP as Regulation Instrument,"analyzes the so-called inefficiency theory to confirm the positive effect of TRP. It applies the positive analysis to prove the positively relation between tax refund and foreign trade. By analyzing the adjustment of tax refund rate and the tax payment cost of the exporters, it gives an rough calculation of feasibility of the TRP as Regulation Instrument.Chapter 4,"The Analysis on the Problem of Tax Refund,"considers that it is not proper to improve the stability of TRP through legislation and to eliminate the inequity by unifying implementation rules and to improve efficiency of tax refund. The best policy is to adjust the TRP at the operational level.Chapter 5,"The Policy Proposals for the TRP,"puts forward the following solution to adjusting the TRP: adjusting the tax refund rate on the basis of policy stability; promoting the innovation of the management of tax refund while keeping the management rules of tax refund.The thesis applies qualitative and quantitative analysis to improve the credibility of the research. Meanwhile, it combines the theoretic analysis and specific operation to achieve its reference value.