Proceedings of the 2nd International Conference on Financial Innovation, FinTech and Information Technology, FFIT 2023, July 7–9, 2023, Chongqing, China

Research Article

A Comparison of Chinese and American Tax System

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  • @INPROCEEDINGS{10.4108/eai.7-7-2023.2338059,
        author={Wei  Zhou},
        title={A Comparison of Chinese and American Tax System},
        proceedings={Proceedings of the 2nd International Conference on Financial Innovation, FinTech and Information Technology, FFIT 2023, July 7--9, 2023, Chongqing, China},
        publisher={EAI},
        proceedings_a={FFIT},
        year={2023},
        month={10},
        keywords={chinese tax system american tax system comparison},
        doi={10.4108/eai.7-7-2023.2338059}
    }
    
  • Wei Zhou
    Year: 2023
    A Comparison of Chinese and American Tax System
    FFIT
    EAI
    DOI: 10.4108/eai.7-7-2023.2338059
Wei Zhou1,*
  • 1: Lyceum of the Philippines University Manila
*Contact email: 1010482016@qq.com

Abstract

China is currently promoting its tax reform. China may learn some best practice and experience of taxing of American. This study, firstly, explores major federal taxes, personal income tax, corporate income tax, social security tax, and estate and gift tax of American. Then, discussion goes to tax on state and local level. Eventually, we compare Chinese and American tax systems after briefing tax collection and management system and tax collection and management procedures of American. At then end of this paper, implications are proposed for Chinese tax reforming.