Report of the Ministry of Finance: the comprehensive tax burden of enterprises in China reaches 40%

In late July, a report released by the Department of economic construction of the Ministry of Finance showed that at present, the tax burden of enterprises in China is relatively heavy, and the tax burden after comprehensive consideration of tax, government funds, various charges and social security funds reaches about 40%, which is higher than the average level of OECD countries Yesterday (July 24), Li Wenhai, an expert in finance and taxation, told the daily economic news that for enterprises, the biggest burden comes from the cost of social security, and the social security expenditure of labor-intensive enterprises for employees is not a small burden for enterprises To this end, the Ministry of Finance issued a prescription, including speeding up the cancellation and standardization of administrative fees; steadily expanding the scope of the pilot business tax to value-added tax, and gradually eliminating double taxation It is also suggested that we should improve the policy of export tax rebate, appropriately increase the export tax rebate rate of products with higher added value, and weaken the negative impact of high tax burden on the industry In the first half of this year, China's GDP grew by 7.6%, 0.2 percentage points lower than the same period last year Among them, the added value of industries above designated size increased by 9.3%, down 1.2 percentage points from the same period last year The Ministry of Finance said that some industries, especially those with severe overcapacity, have not yet got rid of downward pressure, and the profitability of enterprises continues to deteriorate The report said that since this year, although the prices of major industrial products have remained at a low level, the cost of raw materials and labor still rose sharply, resulting in the continuous increase of production costs of enterprises On the one hand, enterprises began to use low-cost and high-quality raw materials, which increased the pressure of energy conservation and emission reduction; on the other hand, enterprises increased staff reduction and efficiency enhancement, which led to the continuous increase of employment pressure The report points out that at present, the tax burden of enterprises in China is relatively heavy, and the tax burden after comprehensive consideration of tax, government funds, various charges and social security benefits reaches about 40%, which is higher than the average level of OECD countries Relevant data shows that the average macro tax burden of OECD countries in the past 30 years is about 24% ~ 27%, while that of Japan, South Korea and the United States is relatively low, about 20% in the past 20 years A statistic also shows that in 2012, the net tax expense of all listed companies in the current period was 2125.627 billion yuan, still higher than the total net profit by 8.76% Among them, there are more than 50 listed companies whose net tax expense is more than 10 times of the net profit Liaotong chemical (4.57, - 0.05, - 1.08%) is the largest "high negative tax" in 2012 Its net profit attributable to shareholders in the whole year is 1963 million yuan, and the expenditure of various taxes is 2.128 billion yuan, and the net expenditure of taxes is 108.4 times of the net profit The low cost advantage is fading, and the high taxes and fees lead to the iceberg of the gradual fading of China's low cost competitive advantage According to the report of the Ministry of finance, China's economy has entered the critical period of transformation of growth stage, the potential growth rate of economy has begun to decline gradually, and the low-cost competition mode of industrial development will be challenged more and more After more than 30 years of rapid development, especially the rapid promotion of industrialization and urbanization, the cost of production factors supporting China's economic growth has risen in an all-round way With the gradual decrease of the advantage of low-cost factors, the situation of "two end squeeze" in China's industrial development is becoming more and more prominent Guangdong Xinbo foreign trade enterprise is mainly engaged in small household electrical appliances OEM Its boss, Wen Yubo, told the daily economic news, "the labor cost of the enterprise has doubled in three years At present, a lot of orders have been lost overseas When negotiating with overseas customers about the price and delivery time, it is no longer so hard-working." Li Wenhai told reporters that over the past 30 years of reform and opening up, China has continuously strengthened its industrial base and gradually improved its production efficiency, making enterprises have a larger profit margin, and paying more taxes does not hinder their own operation However, the current situation has broken through the threshold, the cost of domestic production factors has risen, and the foreign competition is putting pressure on enterprises Ma Guangyuan, a well-known economic commentator, said, "if the burden is too heavy, it is very difficult for an enterprise to innovate and transform For an enterprise and industry that are very difficult to survive, what's their mind to innovate?" In order to further reduce the tax burden of enterprises, the Ministry of Finance issued a prescription, including accelerating the cancellation and standardization of administrative fees; steadily expanding the scope of the pilot business tax to value-added tax, and gradually eliminating duplicate taxation In addition, the report of the Ministry of finance also mentions in particular that improving the export tax rebate policy, aiming at the main export-oriented industries such as shipping, textile, etc., in the case of rapid appreciation of RMB, we should appropriately increase the export tax rebate rate of products with higher added value, so as to weaken the negative impact on the industry Export tax rebate policy is a fiscal stimulus policy implemented by the state to encourage enterprises to export and expand China's foreign trade It once played an important role in the high growth of China's foreign trade Li Wenhai told reporters, "generally speaking, the increase of export tax rebate can reduce the cost of enterprises by about 2% ~ 5% Timely increase of export tax rebate is the performance of active fiscal policy, and less income and increased expenditure are the direction of fiscal regulation and control of economy." However, there are different voices in the industry Wei Tao, marketing director of global market group, told the daily economic news that if we simply increase export tax rebate, it may turn into an excuse for other countries to anti-dumping and anti subsidy, and then Chinese enterprises will also fall into a more awkward situation "Export tax rebate is best targeted at enterprises, because enterprises in each industry are uneven South Korea is a good example in this regard Its development of manufacturing industry does not depend on supporting a certain industry, but on key enterprises such as Samsung [Weibo] " He said.