Ministry of Finance: Support Zhejiang Province to implement the principle of tax-sharing system to protect and mobilize the development enthusiasm of cities and counties

Summary

[Ministry of Finance: Support Zhejiang Province to implement the principle of tax-sharing system to protect and mobilize the development enthusiasm of cities and counties]The Ministry of Finance issued the “Implementation Plan for Supporting Zhejiang Province in Exploring and Innovating to Build a Public Prosperity Model for Promoting Common Prosperity.” Explore and improve the income division system between provinces and cities and counties. Support Zhejiang Province in implementing the principle of tax-sharing system, reasonably divide income according to the attributes of taxes and fees, protect and mobilize the development enthusiasm of cities and counties, and consolidate the economic foundation for common prosperity. Improve the ability of provincial finance to coordinate resources, give better play to the balancing role of provincial finance, and strengthen the policy function of “expanding” and “raising” the fiscal system. (China Business News)

The Ministry of Finance issued the “Implementation Plan for Supporting Zhejiang Province in Exploring and Innovating to Create an Example of Promoting Common Prosperity in the Province with Finance”. Explore and improve the income division system between provinces and cities and counties. Support Zhejiang Province in implementing the principle of tax-sharing system, reasonably divide income according to the attributes of taxes and fees, protect and mobilize the development enthusiasm of cities and counties, and consolidate the economic foundation for common prosperity. Improve the ability of provincial finance to coordinate resources, give better play to the balancing role of provincial finance, and strengthen the policy function of “expanding” and “raising” the fiscal system. Explore the establishment of an evaluation mechanism for the balance of fiscal revenue and expenditure below the provincial level, and gradually increase the balance of primary fiscal distribution, so as to lay a solid financial foundation for achieving the equalization of basic public services.

(Source: China Business News)

Article source: China Business News

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Original title: Ministry of Finance: Support Zhejiang Province to implement the principle of tax sharing, protect and mobilize the development enthusiasm of cities and counties