What Is Tax Return?
tax revenue
Return
Tax return is a unique form of financial subsidy in China.
It should be traced back to the 1994 tax sharing system.
reform
On the basis of dividing the central and local powers, the reform divided the central and local financial rights, that is, financial revenue. The central government concentrated some of its original revenue on its own pocket.
In order to reduce local resistance, local incomes have not changed much before and after the reform.
The central authorities return the parts that belong to the local areas before the centralization. At the same time, in order to take care of the enthusiasm of the local income increase, the central government also stipulates that the local revenue increase should be returned to the local level in a certain proportion.
This approach can ensure central revenue and effectively mobilize local development.
Economics
To increase the initiative and enthusiasm of financial revenue.
But the drawback is that it can not promote fairness, because for local governments, who will receive more and who will get back more, the gap between the rich and the poor will be bigger and bigger.
In this sense, tax return is not a normative subsidy.
With the deepening of reform and economic development, the status of tax rebate is gradually replaced by a more equitable and reasonable financial pfer payment.
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