Limitations of the Current Finance and Taxation System and Proposals for Improvements:From a Perspective of Harmonious Society Philosophy

The strategic philosophy of building a harmonious socialist society is not only an objective and achievement of governing the state,but also a strategy and mechanism in managing the state affairs.Public finance is highly consistent with this philosophy in terms of its aim and measures.However,the foundation of social harmony has being severely eroded by serious problems emerging in the current finance and taxation system including the lack of public services,shortages of financial support to basic-level administration,increasing gap between regions concerning financial capability,nonstandard income and expenses of governments,etc.Principles of publicity,fairness and rule of law must be fully implemented,with the reform of system being further deepened and the framework of public finance being improved,so that the building of a harmonious society will step on a new stage.