Research On Tax Cuts In China's Supply-side Structural Reform

In the past,our country relied mainly on investment,consumption,and exports to drive economic growth.After 2008,China was affected by the global economic crisis and there was a serious imbalance in its economic structure.Starting from 2010,with the downward pressure on China's economy continues to increase,and the problem of weakening total supply caused by imbalances in the economic structure has become increasingly prominent.The effect of a stable fiscal policy with steady growth as the core of demand management is declining.In order to reverse the economic downturn,at the first meeting of the Central Financial Leadership Group held in November 2015,the decision-makers emphasized that we must strengthen supply-side structural reforms and focus on improving the quality and efficiency of the supply system while expanding appropriately.Total demand.This indicates that the focus of China's national economic management has shifted from long-term demandside management to supply-side management.Fiscal policy is the most important macro-control method in China.Fiscal policy plays an important role in the supply-side structural reform.Tax reduction is one of the most important and indispensable policy measures,and it is also the key to the implementation of central government policies since China's supply-side structural reforms.Implementing tax cuts on the supply side is a historic change in the use of fiscal and taxation policies in China.Due to the constraints of various subjective and objective factors and the lack of sufficient historical experience,although the tax reduction and fee reduction in recent years has achieved positive results,there are also many difficulties,resistance and problems.In view of this,based on the current need to advance structural reforms on the supply side,this paper analyzes the theoretical and practical issues concerning the use of tax reduction policies.Among them,the first chapter mainly expounds the research background and significance of this paper,and summarizes the research status of supply-side theory and the impact of structural tax reduction on the development of scholars at home and abroad.The second chapter discusses the western supply-side theory and tax cut policy,and points out the differences between the supply-side structural reform in China and the western supply-side theory,and explains the role of tax cut policy in the supply-side reform in China.The third chapter introduces China's current tax situation and the status quo of implementation of tax cut policies in supply-side reforms,and analyzes and evaluates the implementation effects of tax cut policies and the existing obstacles and problems.The fourth chapter puts forward corresponding countermeasures and suggestions from the aspects of policy implementation,taxation reform,tax collection and management,and related supporting measures based on the implementation status quo and problems of structural reforms on the supply side and tax cuts and fee reductions.