The Impact of China’s Individual Income Tax Reform on Residents’ Consumption Effect from the Perspective of Tax System Structure Optimization
Lina Zhu
Guangdong College of Business and Technology, Zhaoqing, 526040, China
Abstract: The optimization of tax system structure refers to a process of optimizing the tax system by reforming and improving the tax system components. In 2018, China carried out a new round of reform on individual income tax. After this reform, it affected the consumption of residents, mainly improved the consumption expectations of residents, adjusted the income distribution of residents, and increased the per capita disposable income. The individual income tax reform in China has achieved the goal of building a well-off society for all.
Keywords: Tax system structure; Residents’ consumption; Individual tax reform; Consumption effect