The British Corporate Income Tax System and its Implications for China

Han Jin ()
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Han Jin: Adam Smith Business School, University of Glasgow

A chapter in Proceedings of the 2025 4th International Conference on Public Service, Economic Management and Sustainable Development (PESD 2025), 2025, pp 79-86 from Springer

Abstract: Abstract After decades of dynamic adjustment, the British Corporation Tax system was designed around the needs of the royal family from the beginning and then formed a typical model of “low tax rate, broad tax base + precise preferential treatment”. It implemented a graded progressive system in 2023 to alleviate the losses caused by the COVID-19 to the government. In contrast, Chinese current corporate income tax system is based on a 25% benchmark tax rate and other preferential tax policies. By comparing the corporate income tax systems between these two countries, this article puts forward the inspiration of British Corporation Tax to Chinese income tax, such as optimizing the stepped tax rate structure and implementing accurate tax incentives. However, in the process of improvement, Chinese tax innovation needs to consider the dual logic of efficiency and fairness, localization and internationalization, and provide sustainable fiscal support for high-quality development.

Keywords: Corporate income tax; Tax system optimization; Fiscal policy (search for similar items in EconPapers)
Date: 2025
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DOI: 10.2991/978-94-6463-916-2_10

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