Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)

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Research on the Impact of the Tax Cuts and Fee Reductions on Local Public Finance under the COVID-19 Epidemic

Authors
Ying Guo1, Manping Tang1, *, Jiayi Bai2, Danyang Su1
1Sichuan Agricultural University, College of Management, 611130, Chengdu, P.R. China
2State Administration of Taxation, The First Taxation Branch of Chongqing Taxation Bureau, 401121, Chongqing, P.R. China
*Corresponding author. Email: tangmanping@sicau.edu.cn
Corresponding Author
Manping Tang
Available Online 29 December 2022.
DOI
10.2991/978-94-6463-042-8_167How to use a DOI?
Keywords
Covid-19 epidemic; tax cuts and fee reductions; local public finance; local government debt
Abstract

In order to reduce the negative impact of the COVID-19 epidemic on the business development of enterprises, China has implemented a series of new active tax cuts and fee reductions policies to ease the pressure on business operations. Since the implementation of these policies for nearly a year, the tax burden of enterprises has dropped significantly, while local fiscal revenues have dropped significantly, which has brought a greater impact on local finances. Based on the data of local fiscal revenue and expenditure and local government debt in 2020, this article analyzes the impact of the tax cuts and fee reductions on local public finance under the COVID-19 epidemic by region, tax type, and project. At the same time, through analyzing and sorting out the main problems facing China's local public finance, combined with the long-term effects of tax cuts and fee reductions policies, we put forward optimization suggestions for the development of China's local public finance in the future.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)
Series
Advances in Computer Science Research
Publication Date
29 December 2022
ISBN
10.2991/978-94-6463-042-8_167
ISSN
2352-538X
DOI
10.2991/978-94-6463-042-8_167How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Ying Guo
AU  - Manping Tang
AU  - Jiayi Bai
AU  - Danyang Su
PY  - 2022
DA  - 2022/12/29
TI  - Research on the Impact of the Tax Cuts and Fee Reductions on Local Public Finance under the COVID-19 Epidemic
BT  - Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)
PB  - Atlantis Press
SP  - 1170
EP  - 1175
SN  - 2352-538X
UR  - https://doi.org/10.2991/978-94-6463-042-8_167
DO  - 10.2991/978-94-6463-042-8_167
ID  - Guo2022
ER  -