scholarly journals Analysis of Income Attribution of Consumption Tax in China’s Central and Local Government

2021 ◽  
Vol 2021 ◽  
pp. 1-9
Author(s):  
Yanguo Han ◽  
Wenchao Zhao ◽  
Haixia Hao ◽  
Xianfeng Zhang ◽  
Jingjing Zhou
Keyword(s):  
Growth Rate ◽  
Local Governments ◽  
Value Added ◽  
State Level ◽  
Consumption Tax ◽  
Local Finance ◽  
A Value ◽  
Downward Pressure ◽  
Functional Orientation ◽  
Business Tax

After the policy to replace the business tax with a value-added tax was launched, local finance has encountered greater difficulties. In recent years, the economic downward pressure has made the dilemma far more serious. Some scholars, even from state level, showed some intentions of recommending that the consumption tax should be changed from the current central tax to a local tax or a shared tax to relieve the pressure of local governments. In this paper, we proved by presenting recent year’s tax figures of business, consumption, and local and central fiscals and their growth rate that replacing the consumption tax with a local tax does not exactly correspond to the trend of China’s reform of the financial system, the functional orientation of the consumption tax, and the nature of the consumption tax itself and may trigger some problems, and it may still be a better choice for the consumption tax to serve as a central tax.

Local Fiscal Behavior Under Subnational Provisions

2010 ◽  
Vol 28 (1) ◽  
pp. 3-28 ◽  
Author(s):  
Yilin Hou
Keyword(s):  
Local Governments ◽  
Policy Design ◽  
Local Level ◽  
State Level ◽  
State Governments ◽  
Local Policy ◽  
Policy Interactions ◽  
Local Finance ◽  
Fiscal Behavior ◽  
State And Local

Abstract This study examines fiscal policy interactions between state and local governments. Research in this area has been increasing but remains inadequate, especially on local policy options during economic downturns. State governments oversee local finances, also provide financial assistance; localities are expected to adopt counter-cyclical fiscal policies (CCFP). There has been an increasing literature on CCFP at the state level, but little on the local level. This paper uses U.S. county data for empirical analysis and attempts to move closer to consensus on the determinants of local savings and their effects on outlays. I find no evidence that localities smooth across boom-bust cycles; i.e., they do not save for revenue shortfalls. I find that state fiscal institutions cast real impact on local finance. These shed light on local policy making, also add to existing evidence for subnational policy design.

scholarly journals Stage 1 registered report for replication of Experiment 1 and 2 of “Axe the tax: Taxes are disliked more than equivalent costs” (Sussman & Olivola, 2011)

2018 ◽  
Author(s):  
Jerome Olsen ◽  
Christoph Kogler ◽  
Mark John Brandt ◽  
Linda Dezső ◽  
Erich Kirchler
Keyword(s):  
Value Added ◽  
Consumption Tax ◽  
Original Experiment ◽  
Tax System ◽  
Replication Studies ◽  
A Value ◽  
The Us ◽  
The Uk ◽  
Stage 1 ◽  
Consumption Taxes

Stage 1: Sussman and Olivola (2011) reported that people in the US show a stronger preference to avoid tax-related costs than to avoid tax-unrelated monetary costs of the same size and coined the term Tax Aversion to describe the phenomenon. The original Experiment 1 and 2 results indicated that people are willing to incur increased timely costs to receive a discount when it refers to taxes (e.g., “axe-the-tax discount”) than when it just refers to a regular discount (e.g., “customer rewards”). Their paper has received considerable attention and is often cited in tax behavior research when referring to citizens’ general aversion to taxes. We propose close replications of Experiments 1 and 2 in two high-powered studies in the US (N = 600 and N = 700, respectively). Because the original study was conducted in a country that relies on a sales tax system, where consumption taxes are very salient, we additionally propose conducting both replication studies in the UK to test whether the effect also applies to a value added tax system (again N = 600 and N = 700, respectively). The replication studies will test whether Tax Aversion is a stable phenomenon in the US and whether the effect extends to a consumption tax system where payments do not represent an out-of-pocket cost.

scholarly journals Regional aspects of the bioeconomy strategy in Ukraine

2020 ◽  
Vol 11 (4) ◽  
Author(s):  
Olena Koval ◽  
◽  
I. Koval ◽  
Olexander Koval ◽  
◽  
...  
Keyword(s):  
Local Governments ◽  
Value Added ◽  
State Level ◽  
Well Being ◽  
State Regulation ◽  
Green Jobs ◽  
Development Indicators ◽  
Macroeconomic Analysis ◽  
Food And Drink ◽  
Intensive Development

The European integration is the way of current reforms in Ukraine. The main goal of the socio-economic development is to increase the well-being of people in the country. The bioeconomy strategy leads to a sustainable bioeconomy with the higher employment in agriculture, food and drink manufacture as a result of new green jobs, healthy ecosystems, and the new bio-based products. Purpose of this article is to establish effective directions for the intensive development of the bioeconomy strategy in Ukraine, then to determine the features response to European priorities and policies and to demonstrate the role of Ukraine in fulfilling global Commitments as Paris Agreement, SDGs, Bioeconomy strategy. Our comparative analysis of existing national and international strategies in particular European, with a focus on governance, builds on existing legislative documents, knowledge base network and previous work. Scientific abstraction, analyses and synthesis, logical approach and statistics on the development of the bioeconomy in the EU emphasize its socio-economic potential for the intensive development of the bioeconomy strategy in Ukraine. The article analyze the works of scientists on the preconditions, modern features of development, indicators of macroeconomic analysis, conceptual foundations of bioeconomy strategies, mechanisms of state regulation of the agricultural economy in general and the bioeconomy in particular. Biotechnology plays a key role in the following sectors of the economy: construction, agriculture, food and beverages. The importance of biotechnology is substantially reaffirmed once again during the COVID-19 virus pandemic, so that biotechnology could create the vaccine to combat the virus. Bioeconomy development is a mainstream research in the world and in Ukraine in accordance with food security, biotechnologies and environmental protection, circular economy and sustainable development. The different political approaches have many common measures to advance the economic growth with an ecological sustainability and biotechnological innovation, which increase efficiency and value-added potential. Based on the study, the authors propose to focus the attention of entrepreneurs, scientists and local governments on the measures of regional bioeconomy strategies development for further approval of the initiative at the state level.

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