On the Contrasting between Chinese and American Laws of Excise Tax and Reform of Chinese Excise Tax in the System of WTO

Law of Excise Tax has appealed increased attentions of most governments around the world as follows the green reforms of legal system on taxation worldwide for achievement of sustaining development of their own.In US, the deep long history has seen Law of Excise Tax generating, developing and functioning perfectly to some extend.Whereas, in China, as a subsidiary item with young age, the Law of Excise Tax exists incompletely in legislation, scopes of taxation, tax rate ect.This article, therefore, takes the aim to compare and research furtherly the Laws of Excise Tax between these two countries so as to obtain something worthy and meaningful to adjust and complete our relative tax laws to be in line with WTO's requirement to its members and international conventions as well.