Tax conditions for doing business as a component of investment monitoring at the emerging financial market of China

We analyze the tax conditions for doing business in mainland China, taking into account the degree of financial market’s development for determining the main areas of tax support for financial development, as well as obstacles to it, generated by the tax system, relevant for the emerging financial market of the Russian Federation. We show that despite the low overall tax burden, the tax burden on the entrepreneurial sphere in the PRC is higher than the average in the countries with an emerging financial market. However, time to comply and number of payments in China have significantly decreased over the past decade and are relatively convenient for business. Special attention was paid to the country's financial development in tandem with the measures of tax incentives. We show that although the financial system of mainland China is based more on banks than on the stock market, the conditions for tax exemption of individual income are harmonized for bank deposits and securities, which equally stimulates the development of both sectors.