A Brief Discussion on the Impediment and Resolution of Individual Income Tax

DOI

10.2991/aebmr.k.210803.020How to use a DOI?

Keywords

Personal income tax, Deduction, Legislative foresight

Abstract

Since the new adjustment in 2018, the personal income tax threshold is still hotly discussed. This paper believes that there are few deductions items, low deductions amount, frequent adjustments to the threshold, and the growth rate of taxpayers’ personal income tax is higher than the GDP growth rate over the same period, which inhibits the momentum of personal tax on consumption. After reviewing the critical value of previous adjustments to the threshold, it is recommended to expand the deduction items, increase the deduction amount, and pay full attention to the legislative foresight and stability.

Copyright

© 2021, 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  - Wenxuan Yao
PY  - 2021
DA  - 2021/08/04
TI  - A Brief Discussion on the Impediment and Resolution of Individual Income Tax
BT  - Proceedings of the  1st International Symposium on Innovative Management and Economics (ISIME 2021)
PB  - Atlantis Press
SP  - 140
EP  - 145
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210803.020
DO  - 10.2991/aebmr.k.210803.020
ID  - Yao2021
ER  -