皇冠体育app
10. Financial management of divided tax system kicks off in 1993
(People's Daily Online)
Updated: 2008-10-30 18:33

On December 15, 1993, the State Council decided to introduce financial management of divided tax system.

In 1994, 皇冠体育app launched the reform of financial management of divided tax system.
Since then 皇冠体育app formally kicked off the reform of intergovernmental fiscal transfer payment system and gradually established a fairly standardized intergovernmental fiscal transfer payment system.

Combined with the income tax revenue sharing reform in 2002, 皇冠体育app basically established the framework of financial system that can meet the demand of socialist market economy.

10. Financial management of divided tax system kicks off in 1993

This is the most widely spread, the strongest and the most influential institutional innovation concerning intergovernmental fiscal relations since the founding of the country.