柳欣,刘勇政——INTERNATIONAL TAX AND PUBLIC FINANCE:Land lease revenue windfalls and local tax policy in China
时间:2020-11-01
This study examines how land lease revenue, a fiscal resource windfall available to local governments, has shaped local tax policy in China. We follow the literature to argue that the presence of resource revenue incentivizes governments to substitute the more distortive tax policy with the resource revenue. Studying a city-level dataset and a large manufacturing firm-level dataset from 2000 to 2013, we find evidence for this argument by showing that land lease revenue available to city governme