02050cas a2200253 a 4500 AALejournalIMF015116 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475531138 1018-5941 BD-DhAAL BD-DhAAL Lam, Waikei. China : How Can Revenue Reforms Contribute to Inclusive and Sustainable Growth? / Waikei Lam, Philippe Wingender. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (30 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Revenue reforms can contribute to more inclusive, green, and sustainable growth in China. Relative to OECD economies, fiscal policy in China is less redistributive. Options for promoting more inclusive growth include improving the progressivity of labor taxes (individual income tax and social security contributions), introducing a recurrent property tax, and finishing the transition to a comprehensive value-added tax. Higher environmental taxes, meanwhile, would promote more environment-friendly economy. These reforms could also significantly boost revenue, potentially by as much as 6 1\2 percent of GDP. Such increases in revenue could help reduce the deficit, finance priority social and infrastructure spending, and offset cuts in other taxes. We illustrate how these revenue reforms could be part of a comprehensive fiscal package that achieves the needed consolidation in the (augmented) deficit and foster higher quality growth. Mode of access: Internet Wingender, Philippe. IMF Working Papers; Working Paper ; No. 2015/066 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/066/001.2015.issue-066-en.xml IMF e-Library