Economic Development and Taxation - The "14th Five-Year Plan" outlines a comprehensive framework for China's economic and social development, emphasizing the importance of tax policy in fiscal governance and income distribution[4] - Key goals include optimizing supply structure, enhancing domestic demand, and promoting equitable development, with a focus on high-quality growth and technological self-reliance[5] Tax Policy Recommendations - Taxation should balance revenue generation and market vitality, ensuring adequate funding for public services while stimulating economic activity[8] - Tax incentives must be carefully evaluated and aligned with industry life cycles to avoid overcapacity and promote competition[9] - A more precise tax policy is needed to support strategic areas like technological innovation and rural revitalization, moving away from fragmented approaches[10] - The tax system should adapt to the digital and service economy, promoting green development and addressing the unique challenges of these sectors[11]