A Study On Tax Burden Of The Impact Of Trump's Tax Reform On China And China's Coping Strategies

Trump tax reform is the first large-scale and systematic tax reform in the United States in nearly 30 years,which is mainly centered on tax reduction.It is a choice made by trump since he took office as the President of the United States under the influence of multiple factors including the current political,economic and social factors in the United States.Tax system is an important means of national economic regulation and control.The weight of tax burden is closely related to the amount of national fiscal revenue,the rationality of resource allocation and the development of economic structure.As the world's largest country,the U.S.tax reform has a direct impact on national development,and indirectly has a significant impact on the quality and efficiency of China's economic development in the world through the transmission mechanism.In order to be able to fully reflect the trump tax's influence on the world,and considering the availability and efficiency of the data,this paper choose the world's major economies in the past two years of economic data and the previous President of the United States tax reform for reference,analysis before and after the tax reform trump the U.S.economy and world economy development trend,key research on the influence of China's economic development,and further interpretation should be how to deal with in China,has a practical significance.The first chapter of this paper is the introduction,which expounds the research background and significance,sorts out the research status quo at home and abroad,and explains the research method of this paper.Second chapter as trump background analysis of tax reform,from the current economic situation and social structure,this paper analysis the trump before the tax reform of tax system and refer to the United States in the history of three large-scale tax reform,Ronald Reagan in the 1980 s the government tax reform and the beginning of the 21 st century the bush administration tax reform and the Obama government tax reform after the financial crisis.Chapter three is the process and content of trump tax reform,discusses the development process of trump tax reform bill from the initial proposal to the final signature,analyzes the detailed content of the tax reform bill and evaluates the evolution of tax policy.The fourth chapter is the worldwide impact of trump's tax reform.It mainly discusses the impact of trump's tax reform on countries around the world,and analyzes the tax reform of Britain,France,China and Japan,four major economies in the world.Taking "trade war" as the starting point,this paper analyzes the impact of international tax relations among countries around the world.Through the analysis of world energy trade pattern and international capital flow pattern,the paper summarizes the influence of trump tax reform on world economic development trend.Chapter five is the impact of trump tax reform on China,mainly from the external relationships and internal development aspects of the current tax reform process in China's pressure,the impact of Chinese enterprises' tax burden on their own and the quality and efficiency of economic development and the challenges of Chinese enterprises' foreign investment and trade.Chapter 6 under the tax reform China's response to trump,from optimization of the structure of China's tax system perfect tax policy and optimize the environment of domestic business point of view,while prepared to guard against risks,scientific guidance to the enterprises of foreign investment,and firmly grasp the timing of the "area" development strategy,to improve China's international competitiveness and weaken the impact of tax reform trump countermeasures and Suggestions are put forward.Through literature review,theoretical analysis and comparative analysis,this paper concludes that trump tax reform will have a certain impact on the world economic development pattern,the international tax situation of various countries and China's economic and trade.The short-term impact is obvious,but it tends to be neutral in the long run.Through the analysis of the impact on China's economic and trade,and put forward the corresponding countermeasures and Suggestions,has practical significance.The main innovation of this paper is based on trump tax reform as the background,respectively from the external relationships and internal development aspects of the analysis of the impact on China's economy,summed up the problems and direction of China's current tax reform process.We have fully understood the international development situation,recognized the current development trend of China,and improved the research on the impact of trump tax reform on China's economic development.