Econometric Analysis of the Impact of Tax Burden on Economic Growth in the Current Tax System

Abstract

Tax revenue is an important part of the national fiscal policy, which plays a key role in a country's economic growth. However, the tax burden on the economic growth will lead to different levels of obstacles, but also will have a significant impact on people's lives. Based on the current tax system in China, this paper uses econometric methods to quantify the impact of tax burden on economic growth. Concluded that the relationship between the economic growth in China in recent years and the macro tax burden is not very close, the pulling effect of macro tax burden on economic growth is not obvious, even still a certain degree of economic growth to negative effect. Therefore, reducing the overall macro tax burden has become a key part of the transformation of China's development model.