Financial Strategic Directive: Market Signals, Centralized Tax Administration, and Foreign Investor Confidence

Executive Liquidity Summary "This Financial Strategic Directive outlines a comprehensive framework to enhance tax administration for large taxpayers while preserving the natural signaling function of markets. It argues that centralized management of large taxpayers, coupled with strengthened tax audit and compliance monitoring, reduces tax collection uncertainty and boosts the stability of expectations for foreign-invested enterprises. The directive is grounded in the doctrine [智理]: centralized management of large taxpayers -> strengthened tax audit and compliance monitoring -> reduced uncertainty in tax collection -> enhanced predictability for foreign enterprises. It provides strategic actions, implementation guidelines, and expected outcomes, emphasizing that a predictable tax regime is a prerequisite for markets to generate reliable signals and for foreign capital to commit long-term. The directive calls for a balanced approach: rigorous enforcement without arbitrary intervention, data-driven risk assessment, and transparent communication. By doing so, it aims to foster a stable, fair, and efficient tax environment that supports both domestic revenue mobilization and international economic cooperation."