The Implementation Effect of the General Income Tax and the Changes of Tax Planning

DOI

10.2991/icoeme-19.2019.135How to use a DOI?

Keywords

general income; individual income; implementation effect; tax planning

Abstract

Wage and salary income, labor remuneration, author's remuneration and royalties shall be calculated on a consolidated basis by the tax year for the resident individuals in the new Individual Income Tax Law. The implementation effect and tax planning changes of the general income tax has received extensive public concern. On basis of the summary of policy changes of the general income tax, this article analyzes its implementation effect, and concludes that general income tax is helpful for tax reduction and fairness improvement. To perfect the individual income tax, the article analyzes the problems of the general income tax and put forwards some suggestions, just as to unify the caliber of the taxable income of the four income items, to unify the withholding regulations and to optimize pre-tax deduction. Finally, this article discusses the tax planning changes caused by the new general income tax.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Ling Yuan
AU  - Qing Xu
PY  - 2019/06
DA  - 2019/06
TI  - The Implementation Effect of the General Income Tax and the Changes of Tax Planning
BT  - Proceedings of the 2nd International Conference on Economy, Management and Entrepreneurship (ICOEME 2019)
PB  - Atlantis Press
SP  - 727
EP  - 733
SN  - 2352-5428
UR  - https://doi.org/10.2991/icoeme-19.2019.135
DO  - 10.2991/icoeme-19.2019.135
ID  - Yuan2019/06
ER  -