A Comparison of the Personal income Tax System between China and Britain

Abstract

Britain is the first country to levy personal income tax, and has established a comprehensive and systematic personal income tax system. In the context of the reform of the personal income tax system in China, study of the British personal income tax system and the comparative analysis of the current personal income tax system between China and Britain have an important enlightening and practical significance for the reform of the personal income tax system in China. On the basis of studying the modern framework of British personal income tax system, this paper explores concrete methods for the reform of China’s personal income tax system. Using the method of comparative analysis, this paper analyzes the British modern frame of personal income tax system, compares the Chinese and British comparative analysis of the importance of personal income tax system, and advances some Suggestions on perfecting China’s personal income tax system.