Author(s)

Ji Jinghua, Yang Zonglin, Gao Mingze

Corresponding Author

Ji Jinghua

ABSTRACT

The individual income tax law is one of the laws on taxation that are most closely related to people’s livelihood. As people’s living standards continue to be improved, China revised the individual income tax law for the seventh time in August 2018. At present, China is still in the transition process from collecting individual tax by classification to comprehensive collection, as the first source of federal taxes in the United States, the individual income tax, which has a low tax burden and distinctive features, has a history of over 100 year. This paper has analyzed and summarized the reform on individual income tax in the United States, drawing on its experience in the collection and management of individual income tax, and has put forward suggestion for deepening the individual income tax reform in China in a targeted manner.

KEYWORDS

Individual income tax law; comprehensive collection; taxation reform