Intergovernmental fiscal relations:a case for division of tax power

作     者：Lv Bingyang 

作者机构：Renmin University of ChinaBeijingChina 

出 版 物：《China Finance and Economic Review》 (中国财政与经济研究（英文）)

年 卷 期：2015年第4卷第1期

页      面：40-63页

学科分类：0202[经济学-应用经济学] 02[经济学] 020205[经济学-产业经济学] 

主　　题：tax reform tax-sharing system retail sales tax 

摘      要：In handling the fiscal relations between the central and local governments,especially in relation to taxation,the method of revenue-sharing has been widely *** of this study show that when the intergovernmental division of administrative authority and spending responsibility is relatively stable,tax-sharing is superior to revenue-sharing,and that tax-sharing should take precedent over revenue-sharing in future tax and fiscal *** initiatives should include measures to significantly reduce value-added tax(VAT)rates and classify it as central tax,to collect retail sales tax in commodity consumption as a local tax and to cancel the business *** this system,the main types of taxes levied by the central government include VAT,corporate income tax and consumption tax,personal income tax is imposed by provincial governments,retail sales tax by county governments.