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China’s VAT Tax Reform: A Boon for the Economy or an Opportunity for Moral Hazard?

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In 2012, the Chinese government replaced the existing business sales tax with a Value-added tax for some, but not all, Shanghainese firms. The change was intended to reduce the effective… Click to show full abstract

In 2012, the Chinese government replaced the existing business sales tax with a Value-added tax for some, but not all, Shanghainese firms. The change was intended to reduce the effective tax rate f...

Keywords: tax; reform boon; boon economy; china vat; tax reform; vat tax

Journal Title: Review of Pacific Basin Financial Markets and Policies
Year Published: 2020

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