The Logic of Tax Cut-March 29-Boao Forum for Asia

Session38

The Logic of Tax Cut

Location: Hesheng Ballroom, Level 1, Dongyu Island Hotel
Time: 15:45 - 17:00
Description:

-Tax cuts are universally adopted by countries as a recipe for economic growth. US President Donald Trump may introduce “Tax Cut 2.0” that focuses on the middle class, regardless of the country’s massive debt and budget deficit. China has also introduced a flurry of substantive taxcutting measures, such as VAT reform and personal income adjustment.

-Does there truly exist a logic of taxation that the economy will grow when taxes are cut? Is the Laffer curve universally applicable?

-Since last year, the Chinese government has repeatedly emphasized that it will not resort to “flood-like” stimulus in monetary policy, whereas Donald Trump’s promise of the trillion-dollar infrastructure plan has not been delivered. At the same time, however, fiscal flexibility is often constrained by indebtedness and budget deficit. How can we balance the nexus of tax cuts, infrastructure investment and budget deficit for sustainable economic growth?

Speakers

Pictures

Session of The Logic of Tax Cut [scene1]
Session of The Logic of Tax Cut [scene2]
LI Jiange（Chairman, Board of Trustees of Sun Yefang Foundation）hosts The Logic of Tax Cut Session
Aldo FUMAGALLI（Chairman of the Board, Candy Appliances Group）speaks at The Logic of Tax Cut session
JIA Kang（Chief Economist, China Academy of New-Supply Side Economics）speaks at The Logic of Tax Cut session
SUN Ruibiao（Deputy Commissioner, State Taxation Administration, China）speaks at The Logic of Tax Cut session
WU Xiaoqiu（Vice President, Renmin University of China）speaks at The Logic of Tax Cut session
ZHAN Yanjing（Vice President & CFO, CRRC Corporation）speaks at The Logic of Tax Cut session

Videos