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The Effects Of Elasticity On Government Revenue Of China, Maiduo Li
The Effects Of Elasticity On Government Revenue Of China, Maiduo Li
MPA/MPP/MPFM Capstone Projects
This Capstone evaluates the elasticity of the revenue system in China, by classifying the revenue sources into three categories: the income tax, turnover tax, and charges and fees. By comparing the annual data and specific elasticity of each category between China and the United States, it is found that the revenue system in China, from 2007 to 2010, was relatively inelastic while the major component of the total revenue keeps pace with the steady growth of the economy. Such a revenue system, though it cannot have an explosive growth when the economy is turning better, can provide sustainable, stable revenue …