Taxation is the most important form and source of national (government) finance. The essence of taxation is a special distribution relationship formed by the state to meet the needs of the public, rely on the strength of the public, participate in the distribution of national income in accordance with the standards and procedures prescribed by law, and forcibly obtain fiscal revenue. It embodies a specific distribution relationship between the state and taxpayers in the collection and distribution of tax benefits under a certain social system. The government's compulsory participation in social distribution by virtue of the state will inevitably change the share of social groups and their members in national income distribution and reduce their disposable income, but this reduction is not equal. This gain and loss will affect taxpayers' economic activity ability and behavior, and then affect the social and economic structure. It is this influence that the government uses to guide social and economic activities purposefully, so as to rationally adjust the social and economic structure.

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Response time: February 7, 2022. Please refer to the latest business changes announced by Ping An Bank in official website.