2018-12-15 04:42:33 Source: Securities Times
This week, venture capital companies have received a tax incentive, but not surprisingly.
According to the 2017 government work report, in 2018, the corporate tax burden will be reduced by around 350 billion yuan and the fees will be about an enterprise about 200 billion yuan. The market participants need to be given a personal experience. In fact, Finance Minister, Liu Kun, said in an interview with the Xinhua News and Daily News Agency that the cuts and tax reliefs in 2018 are expected to exceed 1.3 trillion yuan, more than the policy target of 1.1 trillion yuan set at the beginning of the year, and still study larger tax cuts and more obvious measures to reduce costs. The favorable policy received by this venture capital company was one of the tax cuts.
In the next 2018, many key words can be taken: Popeth Internet, support for the development of private enterprises, etc., but one is indispensable, that is, tax reform. On the one hand, we are strongly committed to reducing taxes. On the one hand, we will maximize the tax structure and strengthen the construction of local taxation systems. Either is to reduce the VAT rate, VAT tax refund, unified taxpayer standards, or tax reform, enterprises and ordinary people. In October of this year, during the first month of the tax reform, the national personal income tax was reduced by 31.6 billion yuan. In addition, in 2018, smaller, medium and small enterprises will enjoy a levy levy on corporate income tax, and the scope of policy application will be expanded from the annual taxable income of less than 300,000 yuan to less than 500,000 yuan. At the same time, in order to support the development of small and medium sized enterprises, the proportion of deductions for R & D costs will increase from 50% to 75% this year. The favorable tax policy for enterprise capital is just a small part. Tax relief includes all areas of life, which need to develop the overall trend and tendency of the wave of global tax reform. In recent years, enterprises, particularly small and medium-sized enterprises, generally feel that taxes, fees, and various aspects of the cost burden are more intense. Tax cuts are favorable to reducing debt weight, better transformation of a growth structure, adjusting the model of profit, and even better cope with international competition.
At the end of last year, the Trump administration launched a new tax revision under the concept of "US priority", with the "tax return rate of corporate income reduced sharply, the personal income tax rate gets lower it slightly, and foreign profits are transferred for tax exemption ". The current situation of high tax burdens and complex tax systems in the country is trying to regenerate the manufacturing of the United States and the real economy. Not only does the United States have this scheme, but every country in the world has actions. For example, the UK has announced a reduction in the corporate income tax as early as the end of 2016. The rate of tax will be reduced gradually by 20% to less than 15%; Germany promised a significant tax cut in January this year. Tax reduction scope includes tax and corporate tax income tax, and is expected to reduce the annual investment and business development of € 15 billion. In July of this year, France emphasized that 80% of households will be exempt from residential tax from 2018 and the residential tax reform will be completed within three years; Australia announced in June 2017 that it will reduce the tax burden on SMEs, the Modi government on July 1, 2017 Japan implemented a tax of goods and services across the country, replacing an Indian disorganized state and sales tax between -state, and implement a four-year tax rate of 5%, 12%, 18%, and 28%.
This series of actions shows that the world has put a new round of tax reduction competition. Taxation status is the key to a country business environment, and the success or failure of tax reform is linked to the competitiveness of the country in the future. For example, Cao Dewang, who invested $ 1 billion last year to build a glassware factory in the United States, calculated it: the cost of China's real economy, apart from cheap labor, is more expensive than a # 39 ; r United States, including the comprehensive tax rate, Cao Dewang built the factory. In the United States, thousands of jobs were provided to the local community. Country citizenship and business decisions have interrupted, which led to debates. Cao Dewang is Chinese. We may still use emotions to hijack and use business logic to persuade, but if it's British, Japanese, and Singaporean? The invisible hand of the market can not stop capital flow direction. We can not blame and blame us, but to create a world class business environment, welcome to go home, and welcome more people to come to China.