People's Review: tax reduction and fee reduction add impetus to the Development of High quality
Looking at the "transcripts" of tax cuts and fee cuts in the first three quarters, a group of data are of concern: in the first three quarters, 45% of manufacturing taxpayers spent tax cuts and dividends on R & D spending; The R & D expenses of 100000 key tax source enterprises monitored by the tax authorities increased by 19.3% over the same period last year, an increase of 3.4 percentage points over the whole of 2018. The figures mean that dividends from tax cuts are turning into new drivers of high-quality development as bigger tax cuts continue to fall this year.
At present, China's economy is in a period of changing the mode of development, optimizing the economic structure and changing the driving force of growth, and the challenging factors in the external environment of development have obviously increased. For enterprises, the more risk challenges, the more to improve quality and efficiency, rely on independent innovation to increase income, resist risks. Not only to move forward, but also to transform, and tax reduction and fee reduction can not only promote enterprises to travel light, but also help enterprises to transform and upgrade. Now, the expected pace of transformation is accelerating: in the first three quarters, solid listed companies invested 469.038 billion yuan in R & D, accounting for 1.59% of revenue, and R & D intensity rose by more than 10% compared with the same period last year; The R & D investment of central enterprises increased by 25% compared with the same period last year, maintaining double-digit growth. Behind this, tax cuts and fee cuts can not be ignored. This also shows that tax reduction and fee reduction not only actually reduce the tax burden of enterprises from the total amount, but also enable enterprises to have more funds for R & D and innovation, so as to inject impetus for transformation and upgrading.
Tax reduction and fee reduction dividend has become the driving force of transformation, first of all from the accuracy of tax reduction and fee reduction. In order to encourage enterprises to increase R & D investment, China has continuously increased the proportion of R & D expenses plus deductions, and last year expanded the main body of policy enjoyment to all enterprises. This means that for every 100 yuan invested in R & D activities, the amount of pre-tax deduction will be increased from 150 yuan in the past to 175 yuan, and if calculated at the 25% enterprise income tax rate, the amount of tax reduction will be increased from 12.5 yuan to 18.75 yuan. For most companies, tax breaks are half as much as they used to be. Such an accurate "addition and deduction" has set up a guide to encourage innovation.
Tax reduction and fee reduction dividends have become the driving force of transformation, from the intensity of tax reduction and fee reduction. In the first three quarters, the manufacturing industry increased tax cuts by 473.8 billion yuan, accounting for 31.36 percent of the total new tax cuts, and the industry tax burden fell 1.08 percentage points from the same period last year. Private economy taxpayers increased tax cuts by 964.4 billion yuan, accounting for 64 percent of the total new tax cuts, benefiting the most. According to the survey, 92.2 percent of taxpayers believe that tax cuts and fee reductions have had a positive impact on the production and operation activities of enterprises, and have boosted the confidence of the main body of the market. Effectively reduce costs for enterprises, enterprises in the face of risk challenges in order to have more room to move and turn around, in order to have more surplus to carry out transformation and upgrading.
Tax cuts and fees and dividends have become the driving force of transformation, from the speed of tax cuts and fee cuts. In January this year, the special additional deduction policy for individual tax was formally implemented, and inclusive tax reduction measures for small and micro enterprises were introduced; in April, the reform of value-added tax was deepened; and in May, the plan to reduce social security rates was formally implemented. In July, some administrative fees were reduced. Tax cuts and fee cuts quickly increase whiplash, policy "red envelopes" wave after wave. At the same time, another form of acceleration makes enterprises feel more obvious: the export tax rebate is declared on the same day, and small and micro enterprises do not need approval to enjoy inclusive tax cuts. The policy accelerates the landing, further grabs the time for the enterprise, reduces the cost, and stimulates the enthusiasm of enterprise innovation and creation.
In his New year's message of 2019, President Xi Jinping stressed: "tax and fee reduction policies and measures should take root and allow enterprises to travel light." Using the "subtraction" of taxes and fees in exchange for the "addition" of enterprise benefits and the "multiplication" of market vitality is not only the meaning of supply-side structural reform, but also an important way to promote the high-quality development of China's economy. With the government's meticulous "tight days" in exchange for "good days" for the transformation and upgrading of enterprises, we will be able to continuously provide new impetus for high-quality economic development. (Wu Qiuyu)