China's Fiscal And Taxation Systems In The Process Of Economic Globalization, International Comparison And Reform Study

The economic globalization has become the outstanding features and inevitable trend of the current world economic development, which is requiring all countries to relatively draft coordinative, fair and reasonable rules of competition. Financial and tax policy, as a key means of states s macro ?controlling economy, is increasingly playing an important role in every country ?s economic development. All countries have strengthened their mutual cooper- ation and exchanges in the scope of finance and tax, desiring to continuously improve their own finance and tax systems and bring about prosperities and advances of national and global economies. This article is to analyse and approach the subjects regarding economic globaliza- tion, differences and trend of development between China's finance and tax system and other countries, and counter ?measures in tax system adopted by China to meet demands of the e- conomic globalization and international practice. The article includes 3 parts; the first one re- calls the birth and development of the economic globalization. Through analyzing dynamic reasons and influences of the economic globalization, the article explains the necessity to readjust and improve the tax system. The second part comments on characteristics of tax sys- tems of the advanced countries, appraises the trend of improving the tax system and inspect- ing requirements on tariffs to WTO members. Based on evaluating China抯 present tax sys- tem and using the experience of the advanced countries?reforming their tax systems for ref- erence, the third part suggests the cardinal principles to reform China's tax system so as to suit the economic globalization, and seeks the orientation, objective and priority of China s reforming its finance and tax system in 21 century.