Recently, the Chinese Taxation Society and the Chinese Academy of Social Sciences Institute of Economics and Economics released the “Assessment Report on the Effects of Tax Reduction and Fee Reduction in 2019” (hereinafter referred to as the “assessment report”) “Assessment Report” shows that the cumulative tax cuts and fees for the whole year of 2019 are 2.36 trillion yuan, accounting for 2.39% of GDP. For enterprises, last year’s tax cuts and fee reduction policies drove an increase of employment by 3.76 million people, and 50.2% of companies used tax cuts and fee reductions to increase employment and increase employee salaries.
According to the “assessment report”, 50.2% of enterprises use tax cuts and fee reductions to increase employment and increase employee salaries.
Among them, the industries that drive the most job creation are wholesale and retail, with 1.06 million people; followed by manufacturing, with 930,000 people; and the construction industry ranked third , 540,000. The employment of transportation, warehousing and postal services, leasing and business services, accommodation and catering industry all surpassed 100,000 people.
The “Assessment Report” shows that tax cuts and fee reductions have played an important role in improving business operations. Among the sample companies surveyed, 66% increased their operating income and 79.6% increased their profits.
From the structural point of view, manufacturing and small and micro enterprises have benefited significantly. 41.8% of companies mainly use tax and fee reduction bonuses to increase R & D investment.
It is worth noting that among various sample enterprises, small-scale taxpayers, small meager enterprises, high-tech enterprises and manufacturing enterprises have obtained tax reductions and fees It has a stronger sense, and its effect in promoting business income and profit growth is better than other types of enterprises.
Among them, the manufacturing and related wholesale industry tax cuts accounted for 46.9% of the total tax cuts; small-scale taxpayers and small meager companies believe that large-scale tax cuts and fees reductions The proportion that has a very positive impact on the production and operation of the enterprise is the highest, indicating that small and micro enterprises are the market players that benefit most from tax and fee reductions.
Further reducing the burden of corporate taxes and fees is the central government ’s key task in recent years to promote the improvement of the business environment and the high-quality development of the economy. Earlier, survey data from the taxation department showed that in the first three quarters of 2019, manufacturing and related wholesale and retail industries added a total of 799.563 billion yuan in tax reductions, accounting for more than half of the new tax reductions in the first three quarters, reaching 52.92%. Among them, 45% of the taxpayers in the manufacturing industry used tax cuts and fee reductions to increase R & D investment.
The” Assessment Report “pointed out that the survey results of various types of sample companies covering various industries show that 97.5% of the companies have a sense of tax reduction and fee reduction. Most companies benefit from it , Has achieved the policy goal of generally reducing the tax burden of enterprises, with obvious inclusive characteristics.
Since last year, a larger tax reduction policy has brought about The macroeconomic effect of China has been significant, and it has effectively driven the increase in consumption, investment, and employment. The “Assessment Report” pointed out that the collection of random sampling of corporate tax declaration data can respectively reduce the value-added tax rate, increase the exemption for small-scale taxpayers and The calculation of the effect of the preferential income tax policy for small profit-making enterprises shows that the policy of tax reduction and fee reduction in 2019 drove the current GDP growth by 0.8 percentage points, total retail sales of consumer goods by 0.87 percentage points, and fixed asset investment by 0.58 percentage points.
The “Assessment Report” shows that a larger tax cut and fee reduction in 2019 will increase the total retail sales of social consumer goods by 330.8 billion yuan, accounting for 10.8% of the total increase in total retail sales of consumer goods in 2019; driving fixed assets Investment increased by 302.6 billion yuan, accounting for 10.7% of the increase in fixed asset investment in 2019.
The Evaluation Report believes that in the context of the new coronary pneumonia epidemic, we must attach great importance to mitigation Contradictions in fiscal revenue and expenditure. The “Assessment Report” pointed out that due to the epidemic, the fiscal pressure faced by the implementation of tax cuts and fee reduction policies this year will be even greater, especially the problem of grass-roots financial difficulties. The country is recommended to adopt At the same time as measures such as national debt and the establishment of a special transfer payment mechanism, we will further optimize the structure of government expenditures, and actively adopt various measures to increase revenue and reduce expenditures to ensure that tax and fee reduction policies are in place to promote sustainable economic and financial development.