Finding and Applying the Optimal Benchmark to Identify Tax Expenditures in China

Provides the first comprehensive tax expenditure analysis of Chinese tax legislation. It comprehensively applies the multidisciplinary theories of applied economics, public management, sociology, law and political science, centring on the top-level design of public finance established by the CPC Central Committee and the State Council, in combination with the world situation and national conditions. It looks at tax expenditure policy and the concept of fiscal and tax governance and, based on the discovery and application of the best identification standard of tax expenditure in China, it makes a comprehensive theoretical exploration, theoretical analysis and scientific evaluation of the overall effect around the tax expenditure policy. It has important theoretical significance and academic value. China has revised its tax laws to bring them closer in substance as well as name and form to those with more advanced economies. However, Chinese public finance still lags in the use of modern analytical tools to evaluate the operation of its tax system.