Analysis on the Feasibility of Collecting Estate Tax in China

Since the reform and opening up, China's economic development has continuously made new breakthroughs and new progress, and has created a huge dividend for economic development, and the people's living standards have continuously improved. However, we should also note that while the economic development has achieved fruitful results, there have been some problems that cannot be ignored. Especially with the development of the economy, the gap between the rich and the poor among the residents is expanding, and the Chinese government urgently needs to take measures to further adjust income distribution and narrow the gap between the rich and the poor. Since the acquisition of the estate will enable the individual to obtain a larger wealth in the short term, thus further widening the gap between the rich and the poor, the taxation of the inheritance can theoretically narrow the gap between the rich and the poor to a certain extent. This paper analyzes the feasibility of collecting inheritance tax in China, and puts forward corresponding suggestions for the status quo of China.