Focus **: The Impact of Tax Reduction on Ceramic Bathroom Industry

Abstract: If the growth rate of fiscal revenue is controlled within 10% in 2012, it will at least reduce the burden on enterprises and residents across the country by 1 trillion yuan, and a new situation will emerge in the entire economy.

During this year's ** period, the "tax cuts" continued, and the proposal of "a large-scale tax cut is a top priority" put forward by Li Jiange, member of the National Committee of the Chinese People's Political Consultative Conference and chairman of China International Capital Corporation, became the hot topic. Li Jiange pointed out: "If the growth rate of fiscal revenue is controlled within 10% in 2012, it will at least reduce the burden on enterprises and residents across the country by 1 trillion yuan. The entire economy will see a new situation." And the internet triggered intense discussions.

Voices: Large-scale tax cuts are a matter of urgency. According to the latest survey published by China Entrepreneur magazine for 100 companies, over 60% of companies believe that their tax burden is heavier; in industries with low profits, 23% The companies stated that their tax payments exceed profits, and that companies’ “tax cuts” are strong.

The data shows that in 2011 China's GDP was 471,564 billion yuan, an increase of 9.2% year-on-year. National fiscal revenue was 1037.4 trillion yuan, a year-on-year increase of 20.63.9 trillion yuan, an increase of 24.8% year-on-year. The national tax revenue totaled 89720 billion yuan, a year-on-year increase of 22.6%. "Fiscal growth is about three times GDP growth, indicating that companies and individuals are overtaxed."

As for the causes of the serious tax burden on Chinese companies, the National Committee of the Chinese People's Political Consultative Conference (CPPCC), the vice chairman of the All-China Federation of Industry and Commerce, and the Fu Hua Jun, director of the New Hualian Group, believe that there are mainly the following aspects: First, there are many kinds of taxes. Second, the tax rate is too high. Value-added tax is China's largest tax category and accounts for 27% of the country's total tax revenue. China's value-added tax is a turnover tax, and its basic levy rate is 17%, regardless of whether the enterprise is profitable. In addition to value-added tax, profitable companies must pay an additional 25% income tax, real estate companies also have to pay 30% to 60% of the land value-added tax, the company must also withhold 3% to 45% of employees' personal income tax and so on. The third is repeated collection. After-tax retained earnings of enterprises have already paid 25% of income tax, and if they transfer equity according to net assets, they will also pay 25% of income tax; if they are used to increase share capital, natural person shareholders must also pay 20% of personal income tax, accumulating The tax rates are as high as 50% and 45% respectively. Fourth, there is a serious charge.

Focus: A Foshan ceramics company's tax and fee schedules became hot topics in the "tax cut" topic, a Foshan ceramics company tax tables are also hot online. The data on the table shows that the ceramics company pays up to ten taxes: Value-added tax is 17% of the value-added portion; corporate income tax is 25% of profit; urban construction tax is 7% of value-added tax; education surcharge is 3% of value-added tax Local education surcharge is 2% of value-added tax; embankment tax is 0.12% of value-added tax; stamp duty is 0.03% of sales plus total cost; (real estate) property tax is 1.2% after house price is 70%; dividend tax is 20% of the dividend amount; payroll tax, **.

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