The article features the People's Republic of China tax reforms and emphasizes the tax reform practice in the conditions of socialism with the Chinese specifics, which coordinates with the Rostow's Stages of Growth model. The authors make conclusion that an interaction of tax systems of Russia and China results in tax competition and convergence. They point out that carrying out of the Russian tax reforms needs tying up tax targeting as the main component of state tax policy that enables the legal entities and individuals to take into account tax shocks.
Keywords: tax, taxation, tax reform, Stages of Growth model, Chinese tax system, tax competition, tax convergence, tax targeting
References:
Hu Jintao's report at the VIII congress of the Communist Party of China. Available at: Link. (In Russ.)
Zhudzhun' Din, Kovalev M.M., Novik V.V. Fenomen ekonomicheskogo razvitiia Kitaia [Phenomenon of economic development of China]. Minsk, Belarusian State University Publ., 2008, 446 p.
Ivanov V.V., Tsytovich N.N. Korporativnoe finansovoe planirovanie [Corporate financial planning]. St. Petersburg, Nestor-Istoriia Publ., 2009, 332 p.
Ivanov V.V., Strognatskaia O.A. Instrumenty mezhbiudzhetnogo vyravnivaniia sotsial'no-ekonomicheskikh uslovii zhiznedeiatel'nosti regionov v Latvii [Instruments of the interbudgetary alignment of social and economic conditions of the Latvian region activity]. Finansy i kredit – Finance and credit, 2008, no. 43, pp. 76–80.
China caught up with the USA in the number of billionaires. Available at: Link.
Kovalev M.M., Zhudzhun' Din. Kitaiskie ekonomicheskie reformy: opyt, vozmozhnosti primeneniia v Belarusi [Chinese economic reforms: experience, possibilities of application in Belarus]. Minsk, Belarusian State University Publ., 2002, 227 p.
Liu Iuichzho. Issledovanie sistemy nalogooblozheniia KNR s tochki zreniia spravedlivogo raspredeleniia postuplenii [Research of the PRC taxation system from the point of view of equitable distribution of receipts]. Problemy sovremennoi ekonomiki – Problems of modern economy, 2009, no. 4, pp. 306–309.
Small business waits in a shadow. Available at: Link. (In Russ.)
Message of the President of the Russian Federation to the Federal Assembly of the Russian Federation of December 12, 2013. Available at: Link. (In Russ.)
Conversation with Dmitry Medvedev. Interview to five TV channels of December 06, 2013. Available at: Link. (In Russ.)
Romanovskii M.V., Prokhorova N.G. Istoriia nalogovoi sistemy Kitaia [History of tax system of China]. St. Petersburg, St. Petersburg University of Economics and Finance Publ., 2012, 103 p.
Agriculture of China after the entry of the country in the WTO. Available at: Link.
Sokolov B.I., Liu Iuichzho. Nalogovoe stimulirovanie ekonomiki zamknutogo tsikla[Tax incentives of the closed cycle economy]. Sovremennaia ekonomicheskaia informatsiia – Modern economic information, 2011, no. 7, pp. 96–97.
China 2030: Building a Modern, Harmonious and Creative Society. World Bank and the Development Research Center of the State Council, P.R. China. Washington, DC, World Bank, 2013, 442 p.
General government revenue (% of GDP) Statistics. Available at: Link.
