Adjustment of Structural Tax Reduction in the Period of Twelfth Five-year Plan

The connotation of structural tax reduction includes two parts: tax reduction effect and tax structure optimization. If the proportion of tax revenue declining in GDP is taken as a criterion of evaluation,the tax cut effect is not obvious. The latest structural tax reduction is inadequate. In terms of optimizing tax structure and the practice of value-added tax transformation and value-added tax taking the place of business tax,it is argued that there is still space for improvement. The Twelfth-Five-year Plan should see a constant structural tax cut by increasing the intensity of tax cut.