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Implement the New Development Philosophy to Boost Sustainable Development
Wang Jun Attends First Global Conference of the Platform for Collaboration on Tax and Delivers Keynote Speech

Issuance Date: February 15, 2018     Source: General Office of the State Administration of Taxation

Administrator Wang Jun met with Mr. David Lipton, First Deputy Managing Director of the IMF, on February 12

Administrator Wang Jun met with Ms. Kristalina Georgieva, CEO of the World Bank, on February 12

Administrator Wang Jun met with Mr. David J. Kautter, Acting Commissioner of the Internal Revenue Service (IRS) of the US, on February 13

Administrator Wang Jun attended the first Global Conference of the Platform for Collaboration on Tax and delivered a keynote speech on February 14

The first Global Conference of the Platform for Collaboration on Tax was opened on February 14 at the headquarters of the UN in New York in the US, under the theme of "Taxation and the Sustainable Development Goals". Wang Jun, Administrator of the State Administration of Taxation (SAT) attended the meeting and delivered a keynote speech.

China is interested in working with international organizations and global tax authorities to build a global taxation environment featuring collaboration and mutual benefit in accordance with the strategic plan and requirement of seeking sustainable development under the new development philosophy, proposed at the 19th CPC National Congress, in order to boost sustainable development across the world. Wang Jun also shared the practices and experiences of China's tax authorities in supporting sustainability in six aspects. First, building a green tax system that covers environmental protection tax. Second, supporting innovation drive. Since 2012, the VAT pilot program has contributed to tax cuts of more than RMB 2 trillion, vigorously promoting entrepreneurship and innovation. Third, boosting balanced and coordinated development. Tax authorities has launched tax policies for supporting the western development drive, the revitalization of the old industrial base in Northeast China and the emergence of Central China to promote coordinated regional development. The preferential tax policy for farmers has been implemented to drive balanced development of rural and urban China. Fourth, remaining open and inclusive. China has established bilateral tax cooperation mechanisms with 117 countries and regions and shaped the new landscape of collaboration on tax worldwide. Fifth, promoting results sharing. The financial support from tax revenues and tax relief for petty loans provided by financial institutions for farmers have helped more than 66 million people get out of poverty. Sixth, optimizing the business environment. Tax authorities have been dedicated to deepening the reform of "delegation, regulation and service" and the collaboration between state and local tax bureaus, significantly reducing the time spent on tax processing and improving taxpayer experience with taxation. Wang Jun also proposed three initiatives: first, coordinating more organizations, countries and regions for global collaboration on tax; second, jointly developing fair, rational and universally applicable global tax rules and; third, promoting sustainability via the platform for collaboration on tax to benefit more countries and regions. Wang Jun's keynote speech found an echo with participants, who believed that China offers positive experience in making use of the role of tax in supporting sustainable development, which can serve as a reference for tax authorities across the world.

This conference was co-organized by the International Monetary Fund (IMF), the Organization for Economic Co-operation and Development (OECD) and the United Nations and the World Bank, aiming to strengthen global collaboration on tax and support developing countries in building their tax capacity.

During his trip in the US, Wang Jun visited the IMF, the headquarters of the World Bank and the Inland Revenue Service of the US, and shared his views on how to coordinate countries and regions to press ahead with the international tax reform and how to deepen bilateral collaboration on tax under the Belt and Road Initiative.

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