Boosting economic transformation and upgrading, the VAT reform adds a "live chess" trick
Sep 16,2020
As the highlight of this year's supply-side structural reforms, recently, the VAT reform has handed over a dazzling data. The Vice Minister of Finance Shi Yaobin said at a press conference of the State Council Information Office that the cumulative tax cuts from January to October were 371.7 billion yuan. Based on this calculation, the annual tax cut is expected to exceed 500 billion yuan.
"Ensure that the tax burden of all industries is only reduced but not increased." ——This is the solemn promise made by Premier Li Keqiang in this year's government work report when he deployed the "big chess" of the camp reform.
From to the end of the year, it can be seen from this official data that the goal of fully launching the pilot program of the VAT reform and ensuring that the tax burden of all industries will only be reduced but not increased has been successfully achieved. Through tax cuts to "release water to raise fish", enterprises have benefited from the benefits, and they have moved lightly to achieve counter-trend growth under the downward pressure of the economy. "
Internationally, because the value-added tax credit mechanism solves the problem of double taxation and can effectively control tax evasion, since the 1950s, many countries and regions in different locations and different stages of economic development have adopted it. This tax.
According to statistics, more than 160 countries and regions in the world have levied value-added tax at present, and the tax collected accounts for 20% of international tax revenue and 4.5% of GDP.
In our country, with the in-depth advancement of the pilot reform of the VAT reform, "tax cuts" are producing more and more positive "spillover effects" on industrial upgrading, enterprise development, employment and entrepreneurship, and integrity building. Good market opportunities and strong policy support have helped Chinese companies usher in a golden period of development.
It can be seen from a series of data that the VAT reform has a positive significance in reducing the burden on taxpayers, accelerating economic transformation, and boosting supply-side structural reforms:
"500 billion": From January to October 2016, the cumulative tax cut was 371.7 billion yuan in the pilot program of the VAT reform. Based on this calculation, it is estimated that the annual tax reduction of this reform will exceed 470 billion yuan, plus the additional reduction in urban maintenance and construction taxes and education fees, and the total scale will exceed 500 billion yuan. As can be seen from the data, the VAT reform is the most powerful cost reduction measure since the establishment of the current government, which has fully released policy dividends and effectively reduced the tax burden of taxpayers. The effect of tax reduction and burden reduction has begun and will continue to appear.
"530,000 households": Since the full implementation of the VAT reform on May 1, the four new pilot industries have increased by 530,000 taxpayers. With the continuous increase in tax reduction and exemption, the actual tax burden rate of enterprises is gradually decreasing, the space for survival and development is improved, and the market vitality of enterprises is further enhanced. At the same time, the implementation of policies such as the VAT reform has stimulated the enthusiasm for the development of small, medium and micro enterprises. Since the beginning of this year, countless start-ups and entrepreneurial entrepreneurs have sprung up, bringing a series of employment promotion and stable growth to the supply-side structural reform. "New economic growth point."
"56.6%": After the introduction of the VAT reform pilot, the scale of investment in the tertiary industry has significantly expanded, and the proportion of fixed asset investment in the whole society has increased from 52.6% in 2012 to 56.6% in 2015; the added value of the tertiary industry accounts for the percentage of GDP The proportion has also gradually increased, from 45.5% in 2012 to 50.5% in 2015, and the service industry’s proportion of GDP for the first time occupies “half of the country”. Practice has proved that the VAT reform can not only "cut costs", but also "make up for shortcomings". It has become an important means to promote the integration of the service industry and the secondary and tertiary industries, and has promoted the vigorous development of the service industry, especially the production service industry such as research and development. .
While helping enterprises "lighten their burdens", the VAT reform has put forward higher requirements on the business model and management level of enterprises. In order to maximize the benefits of reforms, enterprises can no longer "sit back and enjoy their achievements", and must build a modern enterprise system, implement scientific management and standardized operations. By optimizing the industrial division of labor and lengthening the industrial chain, the adjustment of the industrial structure, transformation and upgrading of enterprises can be promoted. With the help of the VAT reform, the corporate management system has continued to mature and improve, accelerating the integration and development of new and old kinetic energy.
"The road to Guanshan is still long for the first time". Although the full implementation of the pilot program of the VAT reform has achieved remarkable results, there are still many difficulties and challenges ahead of development. In this regard, the party and the state have made plans and deployments with foresight. On November 29, the executive meeting of the State Council hosted by Premier Li Keqiang pointed out the direction for the next step of the continued development of the VAT reform: closely follow the pilot situation, conduct a third-party evaluation of the operation effect, and under the premise of controllable risks and fair system Further improve related measures and expand the effect of tax reduction; we must in-depth key industries to carry out policy guidance to help enterprises make good use of the value-added tax deduction mechanism. Improve and optimize taxation services, and increase the convenience of taxation.
The executive meeting of the State Council specifically pointed out that in accordance with the government’s requirements for living too tightly and reducing the burden of enterprise development, continue to vigorously implement tax and fee reduction policies, stimulate vitality, cultivate tax bases, and provide support for promoting development and protecting people's livelihood.
Use the "subtraction" of government revenue in exchange for the "addition" of corporate benefits and the "multiplication" of market vitality. The Chinese government has confirmed this commitment to the people of the whole country by playing the "chess" trick of changing from live camp to increase. It is foreseeable that with the continuous advancement of my country's comprehensive introduction of the pilot program of the VAT reform, it will definitely make a significant contribution to economic transformation and upgrading, and boost the economic development of the "13th Five-Year Plan" to a new level.
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