Abstract
1. The division of revenue retains the old pattern in accordance with the subordinate relationship between enterprises and their competent authorities. The fundamental principle of the tax division system is that revenue is divided by tax categories, namely, central regular revenue, local (provincial, municipal, and county) regular revenue, and revenue shared between central and local governments. At present, however, the division of enterprise income tax [qiye suode shui] and part of the circulation tax [liuzhuan shui] in the electric, metallurgical, postal, and telecommunication industries and banking are based on the subordinate relationship between enterprises and their competent authorities. This is actually a practice of the planned economy and is not suitable for the development of a socialist market economy.
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