During the middle of the year, the game about import and export tax adjustments is getting hotter. Unlike previous adjustments involving only export tax rebates, high-end consumer goods, commonly referred to as luxury import tariffs, have been added to allow broader consumers to focus on this topic. Export tax rebates have been at a high level since the financial crisis. Whether it should be adjusted back, there is controversy among the parties. The pros believe that the monthly export volume will continue to hit a new high. The moderate correction will not hinder the overall situation of export, and it will reduce the financial burden and benefit the economic restructuring. Opponents believe that the export growth rate has slowed for two consecutive months, and the export tax rebate has been lowered or The rising costs of raw materials, labor and other factors, as well as the appreciation of the RMB exchange rate, have caused unexpected shocks to exports. At the import tax level, although the first monthly trade deficit in the first quarter appeared in the first quarter, as the domestic austerity policy gradually became effective, the import growth rate slowed down and the trade surplus continued to expand. The reduction of import tariffs on medium and high-end consumer goods, which have the dual functions of “expanding imports†and “expanding domestic demandâ€, is regarded as a breakthrough. However, there are also concerns that even if the import tax is lowered and part of the fiscal revenue is transferred, the effects of “expanding imports†and “expanding domestic demand†are still rare. The direction of the policy will depend on the outcome of the game between the parties. Tax Retirement Disputes In July 2010, in order to complete the “Eleventh Five-Year†energy conservation and emission reduction tasks and control the export of “high energy consumption and high pollution†products, the Chinese government cancelled the export tax rebate for some commodities and opened the export tax rebate after the financial crisis. road. Whether this trend continues, on which products, and in what extent, has become a sharp sword on the head of export enterprises. At the beginning of this year, it was reported that the Ministry of Finance, the National Development and Reform Commission, the Ministry of Commerce and other departments are planning to continue to reduce and cancel the export tax rebate for some products based on “two highs and one capital†(high energy consumption, high pollution, and resource resources). The Ministry of Finance proposed a set of adjustment plans in March, and will discuss with the Development and Reform Commission, the Ministry of Industry and Information Technology, and the Ministry of Commerce in early April. Since then, the news about the reduction of the export tax rebate rate for some commodities has gradually been refined. A number of media reports said that due to trade friction, the export tax rebate rate for aluminum profiles may be reduced from 13% to 9%. In the labor-intensive textile enterprises, there is also a continuous news that the export tax rebate rate will be lowered. However, these news have not been confirmed by government departments and industry associations. The relevant person in charge of the Ministry of Finance said in an interview that the adjustment of the export tax rebate policy is under discussion, but the specific adjustment is still uncertain. At the Standing Committee of the 2011 China Hemp Industry Association held on June 14, Du Yuzhou, president of the China National Textile and Apparel Council, said that reducing the export tax rebate rate for textiles is purely rumored. So far, the country has no policy changes in this regard. Yao Jian, a spokesperson for the Ministry of Commerce, told reporters on June 15 that overall, export tax rebates should not change much, but individual types such as high-energy, high-pollution products, it is entirely possible to reduce tax rebates. He also said that the export tax rebate policy has been criticized by everyone in the past few years because of the frequent adjustments. As a policy, overall stability should be maintained. In fact, Yao Jian’s view has become the consensus of the government and scholars. Many researchers interviewed by reporters suggested that export tax rebates should not be used frequently as a macro-control tool, but should be stable after finding their normal level. However, what is the normal level, the views of the parties are not consistent. After the outbreak of the financial crisis, the Chinese government raised the export tax rebate rate seven times, involving more than 8,000 commodity tax numbers. Among them, 1971 tax number goods have achieved full export tax rebates. In general, export tax rebates are at High position. For the export sector, maintaining the current level is what it hopes. The current level also means greater financial pressure. In 2010, China’s export tax rebate totaled 732.7 billion yuan, a year-on-year return of 84.1 billion yuan, an increase of 13%. Compared with the expenditures of the three major livelihood areas of education, social security and employment, and housing security. During the crisis, the export tax rebate adjustment was “one size fits allâ€. Considering the change of industrial structure adjustment target and foreign trade development mode, the goods that should be reduced or cancelled should be greatly increased. For example, in the case of aluminum profiles that were downgraded by this rumor, the export tax rebate rate was once abolished in 2007 and was raised to 13%. For these commodities, the current level is obviously and abnormal.
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