Riassunto analitico
Value-added-tax (VAT) was firstly implemented in France in 1954, and achieved a good success. The new tax system effectively resolved the problem of double taxation, and thus reduced the general tax burden. Since then the VAT system gained worldwide attention and adopted gradually, it is currently used in more than 170 countries.
China’s tax revolution in 1994 established the structure of tax system with indirect taxes as the principle part, of which the VAT and the Business tax were the most important two taxes. From 1994 to 2012, the total revenue of the two taxes accounted for 50.7% of total national tax revenue. The reform involving the two taxes will have a profound impact on the national economy. In 2012, China conducted the reform pilot of “transformation of Business tax into VAT” in 4 industries in Shanghai, and the program gradually expanded to all of the industries nationwide. Until May 2016 the Business tax was completely replaced by VAT. This is another large-scale reform of China’s tax system after the revolution in 1994, also the implementation of the decision made in the “12th Five-Year Plan” for “expanding the scope of the VAT collection, and correspondingly reducing the burden of Business tax and other taxes”.
The prospective of such reform was to reduce the tax burden of enterprises, thus to expend the production’s scale, and finally to stimulate the national economic growth. Therefore, the analysis of the economic effects of the reform is of great significance in terms of the economic development of China.
This thesis introduced the pilot program; analyzed the impact of the reform policy on corporate tax burden for both small-scale enterprises and general enterprises; and then calculated the impact on economic growth.
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