Tax Reforms in China and Russia

Shuanglin Lin

Chinese Economy, 2009, vol. 42, issue 3, 24-40

Abstract: This paper compares tax reforms and current tax systems in China and Russia. In both countries, earlier tax reforms aimed at providing incentives to state-owned enterprises (SOEs) to improve productivity. In the 1990s, China and Russia established market-oriented tax systems, and both experienced a decline in tax revenues. Entering the new century, China adopted an increased-spending fiscal policy, while Russia adopted a tax-cut policy to stimulate economic growth. Both countries have similar value-added tax systems, but their personal and corporate income tax structures and social security systems are substantially different. The tax share of the gross domestic product (GDP) is substantially higher in Russia than in China. Russia is expected to continue its tax-reduction policy, and China is also considering major tax reforms.

Date: 2009
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