Fiscal And Tax Legal System Response To Industrial Restructuring In New Normal Economy

The economic development of a country is closely connected with a reasonable industrial structure.The New Normal Economy has set up some new requirements for China to adjust its industrial structure,promoting the rapid development of emerging industries from the supply side,optimizing and upgrading traditional industries,and developing high-end manufacturing industries.The adjustment of industrial structure not only respects the laws of the market,but also requires macro-control by the government.Fiscal and taxation measures are important regulatory actions by the government to guide the adjustment of industrial structure.However,China's fiscal and taxation legal system is not yet perfect,leading to problems in the implementation of fiscal and taxation measures,such as confusion in the formulation of the main body and unclear direction of the industry have emerged,which is not conducive to the transformation of the industrial structure to rationalization and advanced.Therefore,it is of great significance to explore how Financial and Tax Legal System responds to and promotes industrial structure adjustment under the New Normal.This paper mainly uses Literature Review,Normative Analysis and Comparative Analysis to elaborate and analyze the theoretical support and existing problems of China's Financial and Tax Legal System in promoting industrial structure adjustment.Based on reviewing and drawing on rich experience of foreign countries,the paper provides suggestions for the use of fiscal and taxation support to promote industrial restructuring under the New Normal.In addition to the introduction and conclusion,this paper is divided into the following four parts.In the first part,On the basis of clarifying the new goals of industrial structure adjustment under the New Normal,this part emphasizes that the government must adhere to the principle of moderation when exercising thepower of fiscal and tax regulation to guide industrial structure adjustment by analyzing market failure and government failure theory.It analyzes specific supporting measures of Financial and Tax Legal System from the perspective of responsiveness of Financial and Tax Legal System,which can promote the industrial structure adjustment.In the second part,this paper puts forward the existing problems in promoting and guiding the industrial structure adjustment in Financial and Tax Legal System through summing up the Fiscal and tax laws and policies in China.First of all,The legal level is low and excessively depends on financial and tax policies.Second of all,Responding subject is confused,prone-rule conflicts are easily incurred.Third of All,Unclear objectives of financial and tax supporting measures to promote industrial restructuring and the rigid specific implementation methods turn out to be serious.Also,the supervision mechanism is not perfect,which cannot guarantee the effectiveness of financial and tax support means.In the third part,taking the United States,Japan,South Korea,and India as representatives,this paper examines the specific measures taken by foreign countries to adjust the industrial structure through Financial and Tax Legal System,and draws experience from them that is worthy of reference for our country.In the fourth part,this paper aims at the problems existing in the promotion of industrial structure adjustment in China's Financial and Tax Legal System.Fully based on the lessons from foreign experiences and the new goals of industrial structure adjustment under the New Normal,the author puts forward perfect suggestions on how Financial and Tax Legal System can promote industrial structure adjustment.In order to ensure the legality of fiscal and taxation measures,it is necessary to formulate high-level laws and use fiscal and tax policies appropriately.at the same time,obey the legal principles and standardize the responding subject.In terms of the effectiveness of fiscal and taxation support measures,it is necessary to define the target of financial and tax measures and innovate the specificimplementation of them.and at the same time,we must improve the supervision mechanism and supervise the whole process of formulation and implementation of financial and tax policies in order to ensure the legitimacy and effectiveness of financial and tax supporting measures.