ABSTRACT
China has applied to rejoin the General Agreement on Tariffs and Trade (GATT) for eight years. Rejoining the GATT means that, by deepening reform and opening wider to the outside world, the Chinese economy will become in line with international standards gradually and China will finally join the international market. According to the Uruguay Round negotiation which strengthens intellectual protection, China has to pay the duty on intellectual protection for rejoining the GATT, and it also will bring difficulties to many industries. If China's industry keeps the existing level to compete in the severely competitive after rejoining the GATT, it will be impacted significantly: the prices of many industrial products will have to be lowered. Therefore, in order to rejoin the GATT, it is necessary to unify tax policy and centralize legislative authority of tax to form a complete, explicit, authoritative, detailed and practical tax code as soon as possible for tax reform.
