An Analysis of the Expected Effect of Levying Inheritance Tax on Capital Outflows
- 1 College of Economics, Jinan University, Guangzhou, China
Abstract
With the constant development of reform and opening up, China’s econom y and society obtain considerable development; the living standards of the people continuously improve, and the economic inequality in China widens day by day. Therefore, the voice for demand of levying inheritance tax to regulate the economic inequality becomes louder and louder, but the substitution effect of taxation makes us consider the negative impact of inheritance tax on economic efficiency. This text selects the effect of levying inheritance tax for the capital outflows as the breakthrough point, and mak es empirical analysis on its expected effect for capital outflows . The conclusion indicates that the levy of inheritance tax will accelerate our country’s capital outflows. Facing the economic and social situation in our country, this text considers that China is not suitable for levying the inheritance tax at current stage and we need to take other measures to adjust the economic inequality.
- Xie, Y. (2014) China’s Livelihood Development Report 2014. Peking University Press, Beijing.
- Li, J.X. (2015) China’s Livelihood Development Report 2015. Peking University Press, Beijing.
- Li, S. and Wan, H.Y. (2015) Retrospect and Prospect for the Research on the Gap of Chinese Resident Property. Labor Market Research, No. 5, 28-44.
- Han, L. (2002) The Necessity of Levying Inheritance Tax under the Condition of Economic Globalization. Taxation Research, No. 8, 76-79.
- Liu, Z. (2003) Some Different Opinions about the Problems for Levying Inheritance Tax in China. Economics of Finance and Trade, No. 10, 74-77.
- Liu, R. and Liu, Z.C. (2013) The Levy of Inheritance Tax—The Historical Choice of China’s Economic and Social Development. Taxation Research, No. 3, 34-39.
- San, S.A. (2013) Meaning and Institutional Arrangement of Levying Inheritance Tax in China. Taxation Research, No. 3, 43-46.
- Jia, K. (2014) Value Orientation of Inheritance Tax and Its Direction of Reform Design. Taxation Research, No. 4, 28-31.
- Gao, F.Q., Wang, C.C. and Wang, Z.W. (2015) The Experience of Inheritance Tax in Major Market Economy Country and Its Enlightenment. Public Finance Research, No. 8, 98-102.
- Peng, F. and Kang, L.L. (2003) China Should Levy Inheritance Tax Prudently. International Taxation in China, No. 5, 17-20.
- Xie, B. and Liu, F. (2014) Discussing the Unsuitability of Levying Inheritance Tax in Recent China. Price Theory and Practice, No. 2, 38-41.
- Li, H. and Wang, Y. (2015) Whether China Begins to Levy Inheritance Tax: The Thinking Based on Existence or Abolishment of Inheritance Tax. Public Finance Research, No. 11, 86-95.
- Liu, R. and Liu, Z. (2013) The Levy of Inheritance Tax—The Historical Choice of China’s Economic and Social Development. Taxation Research, No. 3, 34-39.
- Huang, C. (2013) System Design under the Dilemma of Levying Inheritance Tax. Taxation Research, No. 3, 49-50.
- Gao, F. and Xu, K. (2013) Effect Analysis of Inheritance Tax System and Starting to Levy Inheritance Tax in China. Taxation Research, No. 3, 40-42．
- Xie, B. and Yang, N. (2013) Comparison of the Effects of Inheritance Tax and the Enlightenment to China. Price Theory and Practice, No. 12, 14-17.