Finance and taxation law includes fiscal law and taxation law.

Financial law is the general term for the legal norms that adjust the relationship between national fiscal revenue and expenditure. Finance in the legal sense can be defined as the revenue and expenditure activities with the state as the main body and the various relationships formed in the process.

Tax law is the tax legal system. It is the general term for the legal norms that adjust tax relations and is an important part of national law. It is based on the Constitution and adjusts the rights and interests of the state and members of society in collecting taxes. Obligatory relationship, a legal norm that maintains social and economic order and taxation order, protects national interests and the legitimate rights and interests of taxpayers, and is the behavioral rules for national tax authorities and all taxpaying units and individuals to collect taxes in accordance with the law; tax law in a broad sense; refers to the state-formulated A general term for legal norms that regulate the rights and obligations between the state and taxpayers in tax collection.

The functions of fiscal and taxation policies are as follows:

1. Taxation policies have a multiplier effect. The taxation multiplier refers to the difference between the changes in the national economy caused by taxation policies and the changes in taxation. ratio. Since government taxation will cause an economic burden on taxpayers, taxation is a shrinking force for national income;

2. Tax policy has a personal income-adjusting effect. The personal income-adjusting effect of taxation refers to , the government changes and adjusts the market distribution results of personal income in accordance with the requirements of the principle of social equity, and promotes social stability and economic development;

3. Tax policy has an automatic stabilizer effect. The automatic stabilizer effect of tax policy is It means that under the established tax policy, the progressive tax system will automatically carry out reverse economic adjustment as the economy develops to slow down economic fluctuations;

4. Fiscal and tax policies have the functions of controlling deficits, increasing revenue and reducing expenditure, and promoting The role of reform and structural adjustment.

Legal Basis

"Tax Collection and Administration Law of the People's Republic of China"

Article 61 The withholding agent is not established in accordance with regulations, Anyone who keeps the accounting books of tax withholding and payment, collection and repayment, or keeps the accounting vouchers and related materials of tax withholding and repayment, collection and repayment, shall be ordered by the tax authorities to make corrections within a time limit, and may be fined not more than 2,000 yuan. ; If the circumstances are serious, a fine of not less than 2,000 yuan but not more than 5,000 yuan shall be imposed.