Summary of China
How Can Revenue Reforms Contribute to Inclusive and Sustainable Growth?
Source: IMF eLibrary
The fiscal reforms China undertakes now will have significant implications for its future.
China’s inefficient, regressive tax system hampers the country’s development and reform efforts. With its economy running out of steam, China will have to stoke its productivity and growth engines through fair and sustainable fiscal policies. This timely report from International Monetary Fund economists W. Raphael Lam and Philippe Wingender outlines how specific changes could raise tax revenues to pay for China’s growing social and environmental needs. getAbstract recommends this sensible study to executives, policy makers and China watchers.
In this summary, you will learn
- What inefficiencies plague China’s tax system
- Why these problems present a challenge to the country’s future growth and prosperity
- Which reforms will likely work best to make the tax system more fair, efficient and effective
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By the same authors
Mali Chivakul and W. Raphael Lam
Source: IMF eLibrary, 2015
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