Research On Economic Effects Of Tax Cuts And Fee Reductions Under Supply-side Structural Reform

At the end of 2015,the supply-side structural reforms implemented by the central government put forward new and higher requirements for tax and fee reductions.As a result,after the supply-side structural reforms,the scale of tax and fee reductions continued to expand and the effect was strengthened.With far-reaching effects,how to fully understand,analyze,and evaluate the economic effects of tax and fee reduction under the supply-side structural reform has become an important proposition at the moment.Based on this,on the basis of explaining the related theories of supply-side structural reform and tax and fee reduction,this paper reviews the main measures of tax and fee reduction under China's supply-side structural reform,followed by changes in macro tax burden,Adjust the tax structure to characterize the basic status quo of tax reduction and fee reduction,describe the effect of tax reduction and fee reduction policy through the actual scale of tax reduction,and evaluate the effect.Then the empirical method is used to analyze the economic effects of tax and fee reduction under the supply-side structural reform.First,this section puts forward three basic assumptions on the basis of theoretical explanations,namely that tax and fee reduction measures are conducive to promoting the growth of economic aggregates,facilitating the optimization and adjustment of industrial structure,and adjusting the income distribution gap,and constructing corresponding The panel data model is used for empirical analysis.The main conclusions are as follows: First,the VAT reduction measures are conducive to promoting economic growth,industrial structure optimization and fair income distribution.After the supply-side structural reform,VAT reductions are The effects of these three aspects are significantly enhanced.Second,before the supply-side structural reform,the impact of corporate income tax reduction measures on economic aggregate growth and industrial structure optimization was not statistically significant;after the reform was launched,various corporate income tax reduction measures gradually came into play.Its role in promoting economic growth and optimizing the industrial structure.However,corporate income tax reduction measures have shown a negative effect on the fair effect,and there is no significant difference in statistical significance before and after the reform.Third,before the supply-side structural reform,the effect of individual income tax reduction measures on economic aggregate growth and industrial structure optimization was not significant.After the reform was launched,this situation did not change significantly.Individual tax reduction measures have a negative effect on the fair effect,and there is no significant difference before and after the reform.Fourth,various policies to reduce the burden of fees are conducive to promoting the growth of the total economy,and this effect has been enhanced under the supply-side structural reform.Before the supply-side structural reform,the effect of fee reduction measures on the optimization of the industrial structure was not significant.After reform,its positive effect on the optimization of industrial structure has been significantly enhanced.Finally,this paper puts forward the policy Suggestions to optimize and improve the tax reduction and fee reduction work: first,continue to optimize the tax system design to promote the total growth and structural adjustment effect;Second,we will further adjust the structure of the tax system to give full play to the fairness effect.Third,we need to coordinate closely the reduction of taxes and fees,and step up efforts to reduce taxes and fees.Fourth,we need to do a good job in supporting the tax cuts and ensure that they are effective.