Article contents
The Analysis of the Necessity and Impact of Property and Inheritance Taxes in China
Abstract
The purpose of this paper is to explore the necessity and possible impact of the implementation of property tax and inheritance tax in China based on the Western tax system and the existing experience and background in China. After understanding the provisions of the Western tax system, the comments of Western people, and the results of relevant experiments in China, we found that China’s existing economic structure may create a number of problems and the low level of asset mobility of a small number of high-net-worth individuals and their small contributions to social and economic consumption also require a new tax for social wealth redistribution. Property tax and inheritance tax would be the right solution to local debt and social equity problems.
Article information
Journal
Journal of Business and Management Studies
Volume (Issue)
6 (5)
Pages
67-72
Published
Copyright
Copyright (c) 2024 Journal of Business and Management Studies
Open access
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.