Tax systems and economic roles of government in Singapore and China : a comparative study

Since the implementation of its economic reforms in 1978, China has opened up its economy to the outside world. This has led to an influx of investments into the country. Singapore, on the other hand, has been a relatively open economy over the past thirty years. It has also bee...

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Bibliographic Details
Main Authors: Chui, Kah Wai, Sia, Geok Choo, Yeong, Yen Yen
Other Authors: Chen Kang
Format: Final Year Project
Language:English
Published: 2014
Subjects:
Online Access:http://hdl.handle.net/10356/55766
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Institution: Nanyang Technological University
Language: English
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Summary:Since the implementation of its economic reforms in 1978, China has opened up its economy to the outside world. This has led to an influx of investments into the country. Singapore, on the other hand, has been a relatively open economy over the past thirty years. It has also been rather successful in the implementation of its tax policies. As taxation is a major consideration in investment decisions, we are therefore interested in carrying out an analysis of the tax structures between Singapore and China. In particular, emphasis is given to the Chinese tax system that has experienced a dramatic change over the years, together with its inherent complexity from the pre-reform period. During the progress of our project, we also highlight some problems of the respective taxation systems and cite relevant possible solutions. In all, we hope that this project will help readers to gain a better understanding of the tax systems in China and Singapore.