Pers onal In come Tax Reform in China in 2018 and Its Impact on Income Distribution  

作　　者：Peng Zhan Shi Li Xiaojing Xu 

机构地区：[1]School of Economics, Nanjing University of Finance & Economics [2]China Institute for Income Distribution, Beijing Normal University, China

出　　处：《China & World Economy》2019年第3期25-48,共24页中国与世界经济（英文版）

摘　　要：In the context of personal income tax(PIT)reform in China in 2018,this paper examines some of the major issues of concern regarding the reform and income distribution.Using the China Personal Income Tax Micro-simulation model,the paper compares the differences between the 2011 and 2018 PIT systems,and finds that residents relying on different income sources may face a large degree of real tax rate change.Once the tax system is altered to PIT 2018,the coverage of PIT for wage earners will decrease from 46.9 to 23.4 percent,the income redistributive effect will drop from 1.95 to 1.22 percent and the PITs role in fiscal revenue will also be negatively affected.Nevertheless,if individual income continues to grow,the share of PIT in fiscal revenue is expected to return to the 2018 level in 2022,but its income redistribution function is difficult to recover in the short term.The paper finds that the effect of PIT on income distribution depends on the tax structure.Gradual transition to an"entirely comprehensive"tax system when conditions are appropriate will achieve better income redistribution results at a lower average tax rate.

关 键 词：MICRO-SIMULATION personal INCOME TAX REFORM residential INCOME distribution 

分 类 号：C63[社会学] D31[政治法律—政治学]